23 Jan 2020 | 8:32 PM

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COMPANYNEWS
Sonal Mercantile Q2 net profit zooms 570.00% at Rs 0.67 cr
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Published on 12-06-2019
The company reported standalone net profit of Rs 0.67 crore for the quarter ended September 30 2019 as compared to Rs 0.10 crore in the same period last year registering a year-on-year growth of 570.00 per cent.


Net revenue of the company rose three fold by 1103.33 per cent at Rs 3.61 crore in July-September quarter of this fiscal as against Rs 0.30 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 52.94 per cent to Rs 0.26 crore from Rs 0.17 crore in year ago period.


Operating Profit surged by 2476.92 per cent to Rs 3.35 crore as against Rs 0.13 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 111.95 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 2.47 crore while Taxation increased by 600.00 per cent at Rs 0.21 crore (Sep`18 Rs 0.03 crore).