17 Jan 2021 | 12:24 AM

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Suditi Hosiery Q2 net profit down 77.33% at Rs 0.39 cr
  Suditi Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 0.39 crore for the quarter ended September 30 2019 as compared to Rs 1.72 crore in the same period last year registering a year-on-year decline of 77.33 per cent.


Net revenue of the company declined moderately by 11.86 per cent at Rs 26.60 crore in July-September quarter of this fiscal as against Rs 30.18 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 5.53 per cent to Rs 24.78 crore from Rs 26.23 crore in year ago period.


Other Income grew by 125.00 per cent at Rs 0.09 crore versus (Sep`18 Rs 0.04 crore).


Operating Profit slipped by 53.92 per cent to Rs 1.82 crore as against Rs 3.95 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 47.71 per cent in September quarter.


Interest grew by 36.62 per cent y-o-y to Rs 0.97 crore while Taxation decreased by 123.21 per cent at Rs -0.26 crore (Sep`18 Rs 1.12 crore).