23 Jan 2020 | 7:58 PM

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COMPANYNEWS
Super Tannery Q2 net profit up 10.83% at Rs 1.33 cr
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Published on 12-11-2019
The company reported standalone net profit of Rs 1.33 crore for the quarter ended September 30 2019 as compared to Rs 1.20 crore in the same period last year registering a year-on-year growth of 10.83 per cent.


Net revenue of the company declined moderately by 16.51 per cent at Rs 48.89 crore in July-September quarter of this fiscal as against Rs 58.56 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 14.99 per cent to Rs 46.17 crore from Rs 54.31 crore in year ago period.


Other Income dipped by 36.11 per cent at Rs 0.23 crore versus (Sep`18 Rs 0.36 crore).


Operating Profit slipped by 1.41 per cent to Rs 4.19 crore as against Rs 4.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 18.04 per cent in September quarter.


Interest grew by 30.23 per cent y-o-y to Rs 1.68 crore while Taxation decreased by 118.64 per cent at Rs -0.11 crore (Sep`18 Rs 0.59 crore).