19 Jan 2021 | 5:36 AM

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Sheetal Diamonds posts Q1 net profit of Rs 0.75 cr
  Sheetal Diamonds Ltd. | 02 Jan 2020 | 04:01 PM
Published on 08-09-2019
The company reported standalone net profit during the quarter stood at Rs 0.75 crore compared to net loss of Rs 0.07 crore in the previous year quarter.


Net revenue of the company declined substantially by 69.82 per cent at Rs 2.93 crore in April-June quarter of this fiscal as against Rs 9.71 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 77.35 per cent to Rs 2.24 crore from Rs 9.89 crore in year ago period.


Other Income dipped by 30.00 per cent at Rs 0.07 crore versus (Jun`18 Rs 0.10 crore).


Operating Profit surged by 477.78 per cent to Rs 0.68 crore as against Rs -0.18 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1336.51 per cent in June quarter.