03 Jul 2020 | 7:41 PM

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Shree Metalloys posts Q2 net profit of Rs 0.03 cr
  Shree Metalloys Ltd. | 06 Jan 2020 | 03:41 PM
Published on 11-16-2018
The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 0.23 crore in the previous year quarter.


Net revenue of the company rose triple digit by 178.95 per cent at Rs 9.54 crore in July-September quarter of this fiscal as against Rs 3.42 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 177.29 per cent to Rs 9.40 crore from Rs 3.39 crore in year ago period.


Other Income grew by 1600.00 per cent at Rs 0.17 crore versus (Sep`17 Rs 0.01 crore).


Operating Profit surged by 333.33 per cent to Rs 0.13 crore as against Rs 0.03 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 67.47 per cent in September quarter.


Interest declined by 15.00 per cent y-o-y to Rs 0.17 crore while Taxation increased by 300.00 per cent at Rs 0.04 crore (Sep`17 Rs 0.01 crore).