06 Dec 2019 | 7:26 PM

News

COMPANYNEWS
Swaraj Engines Q2 net profit up 0.08% at Rs 25.39 cr
  Swaraj Engines Ltd. | 06 Dec 2019 | 03:51 PM
Published on 10-22-2019
The company reported standalone net profit of Rs 25.39 crore for the quarter ended September 30 2019 as compared to Rs 25.37 crore in the same period last year registering a year-on-year growth of 0.08 per cent.


Net revenue of the company declined moderately by 9.84 per cent at Rs 222.72 crore in July-September quarter of this fiscal as against Rs 247.03 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 6.85 per cent to Rs 192.72 crore from Rs 206.90 crore in year ago period.


Other Income dipped by 10.88 per cent at Rs 3.44 crore versus (Sep`18 Rs 3.86 crore).


Operating Profit slipped by 25.24 per cent to Rs 30.00 crore as against Rs 40.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.06 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation decreased by 80.46 per cent at Rs 2.70 crore (Sep`18 Rs 13.82 crore).