03 Aug 2020 | 8:08 PM

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Sterling Biotech Ltd posts Q3 net profit of Rs 36.97 cr
  Sterling Biotech Ltd. | 05 Nov 2018 | 03:43 PM
Published on 02-11-2019
The company reported standalone net profit during the quarter stood at Rs 36.97 crore compared to net loss of Rs 168.02 crore in the previous year quarter.


Net revenue of the company rose moderately by 9.08 per cent at Rs 94.95 crore in October-December quarter of this fiscal as against Rs 87.05 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 0.10 per cent to Rs 83.61 crore from Rs 83.69 crore in year ago period.


Other Income dipped by 55.84 per cent at Rs 0.68 crore versus (Dec`17 Rs 1.54 crore).


Operating Profit surged by 237.50 per cent to Rs 11.34 crore as against Rs 3.36 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 209.33 per cent in December quarter.


Interest declined by 191.79 per cent y-o-y to Rs -102.33 crore while Taxation increased by 0.00 per cent at Rs 15.91 crore (Dec`17 Rs 0.00 crore).