23 Jan 2020 | 7:57 PM

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COMPANYNEWS
Sri Amarnath Finance Q2 net profit down 23.60% at Rs 0.68 cr
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Published on 12-13-2019
The company reported standalone net profit of Rs 0.68 crore for the quarter ended September 30 2019 as compared to Rs 0.89 crore in the same period last year registering a year-on-year decline of 23.60 per cent.


Net revenue of the company declined moderately by 9.85 per cent at Rs 1.19 crore in July-September quarter of this fiscal as against Rs 1.32 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 100.00 per cent to Rs 0.14 crore from Rs 0.07 crore in year ago period.


Operating Profit slipped by 16.00 per cent to Rs 1.05 crore as against Rs 1.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.31 per cent in September quarter.


Taxation decreased by 14.81 per cent at Rs 0.23 crore (Sep`18 Rs 0.27 crore).