07 Dec 2019 | 3:32 PM

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COMPANYNEWS
Steel Cast Q2 net profit down 1.67% at Rs 4.13 cr
  Steel Cast Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-05-2019
The company reported standalone net profit of Rs 4.13 crore for the quarter ended September 30 2019 as compared to Rs 4.20 crore in the same period last year registering a year-on-year decline of 1.67 per cent.


Net revenue of the company declined substantially by 29.99 per cent at Rs 58.48 crore in July-September quarter of this fiscal as against Rs 83.53 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 33.17 per cent to Rs 46.08 crore from Rs 68.95 crore in year ago period.


Other Income dipped by 64.15 per cent at Rs 0.19 crore versus (Sep`18 Rs 0.53 crore).


Operating Profit slipped by 14.95 per cent to Rs 12.40 crore as against Rs 14.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 21.49 per cent in September quarter.


Interest declined by 60.44 per cent y-o-y to Rs 1.08 crore while Taxation decreased by 20.80 per cent at Rs 3.35 crore (Sep`18 Rs 4.23 crore).