11 Dec 2019 | 12:33 PM

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COMPANYNEWS
Time Technoplast Ltd Q2 net profit up 14.79% at Rs 20.64 cr
  Time Technoplast Ltd. | 11 Dec 2019 | 12:21 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 20.64 crore for the quarter ended September 30 2019 as compared to Rs 17.98 crore in the same period last year registering a year-on-year growth of 14.79 per cent.


Net revenue of the company rose marginally by 4.02 per cent at Rs 519.78 crore in July-September quarter of this fiscal as against Rs 499.70 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 3.48 per cent to Rs 452.60 crore from Rs 437.40 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 2.05 crore versus (Sep`18 Rs 2.05 crore).


Operating Profit surged by 7.83 per cent to Rs 67.18 crore as against Rs 62.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.69 per cent in September quarter.


Interest grew by 13.31 per cent y-o-y to Rs 16.52 crore while Taxation increased by 8.48 per cent at Rs 7.93 crore (Sep`18 Rs 7.31 crore).