16 Dec 2019 | 1:53 PM

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COMPANYNEWS
Star Paper Mills Q2 net profit down 17.40% at Rs 6.74 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 6.74 crore for the quarter ended September 30 2019 as compared to Rs 8.16 crore in the same period last year registering a year-on-year decline of 17.40 per cent.


Net revenue of the company declined substantially by 23.76 per cent at Rs 74.08 crore in July-September quarter of this fiscal as against Rs 97.17 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 25.92 per cent to Rs 62.75 crore from Rs 84.71 crore in year ago period.


Other Income grew by 86.61 per cent at Rs 2.09 crore versus (Sep`18 Rs 1.12 crore).


Operating Profit slipped by 9.07 per cent to Rs 11.33 crore as against Rs 12.46 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 19.27 per cent in September quarter.


Interest grew by 13.33 per cent y-o-y to Rs 0.17 crore while Taxation increased by 24.00 per cent at Rs 5.27 crore (Sep`18 Rs 4.25 crore).