09 Dec 2019 | 1:21 AM

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Suncity Syntheti posts Q3 net profit of Rs 0.06 cr
  Suncity Synthetics Ltd. | 05 Dec 2019 | 04:01 PM
Published on 02-14-2019
The company reported standalone net profit during the quarter stood at Rs 0.06 crore compared to net loss of Rs 1.20 crore in the previous year quarter.


Net revenue of the company declined marginally by 1.48 per cent at Rs 10.66 crore in October-December quarter of this fiscal as against Rs 10.82 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 13.09 per cent to Rs 9.89 crore from Rs 11.38 crore in year ago period.


Other Income dipped by 30.00 per cent at Rs 0.07 crore versus (Dec`17 Rs 0.10 crore).


Operating Profit surged by 237.50 per cent to Rs 0.77 crore as against Rs -0.56 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 240.97 per cent in December quarter.


Interest grew by 11.11 per cent y-o-y to Rs 0.30 crore