12 Dec 2019 | 2:59 PM

News

COMPANYNEWS
Texmo Pipes & Produc Q2 net profit down 65.52% at Rs 0.40 cr
  |
Published on 11-12-2019
The company reported standalone net profit of Rs 0.40 crore for the quarter ended September 30 2019 as compared to Rs 1.16 crore in the same period last year registering a year-on-year decline of 65.52 per cent.


Net revenue of the company declined marginally by 1.55 per cent at Rs 50.08 crore in July-September quarter of this fiscal as against Rs 50.87 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.18 per cent to Rs 45.19 crore from Rs 47.16 crore in year ago period.


Other Income dipped by 38.60 per cent at Rs 0.35 crore versus (Sep`18 Rs 0.57 crore).


Operating Profit surged by 31.54 per cent to Rs 4.88 crore as against Rs 3.71 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 33.56 per cent in September quarter.


Interest grew by 18.96 per cent y-o-y to Rs 3.20 crore while Taxation decreased by 39.13 per cent at Rs 0.14 crore (Sep`18 Rs 0.23 crore).