21 Oct 2020 | 4:43 PM

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COMPANYNEWS
Shetron Ltd Q2 net profit down 81.73% at Rs 0.19 cr
  Shetron Ltd. | 16 Jan 2020 | 03:51 PM
Published on 10-23-2019
The company reported standalone net profit of Rs 0.19 crore for the quarter ended September 30 2019 as compared to Rs 1.04 crore in the same period last year registering a year-on-year decline of 81.73 per cent.


Net revenue of the company declined moderately by 14.10 per cent at Rs 38.26 crore in July-September quarter of this fiscal as against Rs 44.54 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 14.01 per cent to Rs 33.87 crore from Rs 39.39 crore in year ago period.


Other Income dipped by 55.84 per cent at Rs 0.34 crore versus (Sep`18 Rs 0.77 crore).


Operating Profit slipped by 14.76 per cent to Rs 4.39 crore as against Rs 5.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.78 per cent in September quarter.


Interest declined by 1.75 per cent y-o-y to Rs 2.80 crore while Taxation decreased by 92.59 per cent at Rs 0.04 crore (Sep`18 Rs 0.54 crore).