17 Jan 2021 | 10:17 PM

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COMPANYNEWS
Shree Digvijay posts Q2 net profit of Rs 8.63 cr
  Shree Digvijay Cement Company Ltd. | 17 Jan 2020 | 10:50 AM
Published on 10-24-2019
The company reported standalone net profit during the quarter stood at Rs 8.63 crore compared to net loss of Rs 1.28 crore in the previous year quarter.


Net revenue of the company rose marginally by 2.53 per cent at Rs 97.68 crore in July-September quarter of this fiscal as against Rs 95.27 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 13.56 per cent to Rs 79.90 crore from Rs 92.43 crore in year ago period.


Other Income dipped by 16.59 per cent at Rs 1.76 crore versus (Sep`18 Rs 2.11 crore).


Operating Profit surged by 526.06 per cent to Rs 17.78 crore as against Rs 2.84 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 510.74 per cent in September quarter.


Interest declined by 74.39 per cent y-o-y to Rs 0.21 crore while Taxation increased by 813.85 per cent at Rs 4.64 crore (Sep`18 Rs -0.65 crore).