29 Jan 2020 | 8:47 AM

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COMPANYNEWS
Sky Industries Q2 net profit down 44.12% at Rs 0.38 cr
  Sky Industries Ltd. | 17 Jan 2020 | 10:37 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 0.38 crore for the quarter ended September 30 2019 as compared to Rs 0.68 crore in the same period last year registering a year-on-year decline of 44.12 per cent.


Net revenue of the company declined moderately by 10.61 per cent at Rs 13.65 crore in July-September quarter of this fiscal as against Rs 15.27 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 8.50 per cent to Rs 12.71 crore from Rs 13.89 crore in year ago period.


Other Income dipped by 16.67 per cent at Rs 0.05 crore versus (Sep`18 Rs 0.06 crore).


Operating Profit slipped by 32.61 per cent to Rs 0.93 crore as against Rs 1.38 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.17 per cent in September quarter.


Interest grew by 3.70 per cent y-o-y to Rs 0.28 crore while Taxation decreased by 122.73 per cent at Rs -0.05 crore (Sep`18 Rs 0.22 crore).