06 Dec 2019 | 2:33 PM

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COMPANYNEWS
The Grob Tea Company Q2 net profit up 14.56% at Rs 12.90 cr
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Published on 11-18-2019
The company reported standalone net profit of Rs 12.90 crore for the quarter ended September 30 2019 as compared to Rs 11.26 crore in the same period last year registering a year-on-year growth of 14.56 per cent.


Net revenue of the company rose moderately by 11.07 per cent at Rs 29.51 crore in July-September quarter of this fiscal as against Rs 26.57 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 9.67 per cent to Rs 16.11 crore from Rs 14.69 crore in year ago period.


Other Income grew by 23.81 per cent at Rs 0.52 crore versus (Sep`18 Rs 0.42 crore).


Operating Profit surged by 12.79 per cent to Rs 13.40 crore as against Rs 11.88 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.57 per cent in September quarter.


Interest grew by 158.82 per cent y-o-y to Rs 0.44 crore