18 Jan 2020 | 8:50 PM

News

COMPANYNEWS
TD Power Systems Ltd Q2 net profit zooms 188.10% at Rs 6.05 cr
  TD Power Systems Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 6.05 crore for the quarter ended September 30 2019 as compared to Rs 2.10 crore in the same period last year registering a year-on-year growth of 188.10 per cent.


Net revenue of the company rose substantially by 24.36 per cent at Rs 129.47 crore in July-September quarter of this fiscal as against Rs 104.11 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 21.99 per cent to Rs 120.07 crore from Rs 98.43 crore in year ago period.


Other Income dipped by 17.52 per cent at Rs 3.39 crore versus (Sep`18 Rs 4.11 crore).


Operating Profit surged by 65.49 per cent to Rs 9.40 crore as against Rs 5.68 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 32.97 per cent in September quarter.


Interest declined by 24.67 per cent y-o-y to Rs 1.13 crore while Taxation increased by 751.72 per cent at Rs 1.89 crore (Sep`18 Rs -0.29 crore).