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Simplex Infrastructu Q2 net profit down 69.38% at Rs 7.48 cr
  Simplex Infrastructures Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-15-2019
The company reported standalone net profit of Rs 7.48 crore for the quarter ended September 30 2019 as compared to Rs 24.43 crore in the same period last year registering a year-on-year decline of 69.38 per cent.


Net revenue of the company declined substantially by 21.87 per cent at Rs 1155.58 crore in July-September quarter of this fiscal as against Rs 1479.09 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 23.43 per cent to Rs 997.82 crore from Rs 1303.08 crore in year ago period.


Other Income dipped by 25.80 per cent at Rs 15.33 crore versus (Sep`18 Rs 20.66 crore).


Operating Profit slipped by 10.37 per cent to Rs 157.76 crore as against Rs 176.01 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.71 per cent in September quarter.


Interest grew by 5.39 per cent y-o-y to Rs 124.55 crore while Taxation decreased by 39.48 per cent at Rs 6.24 crore (Sep`18 Rs 10.31 crore).