06 Dec 2019 | 2:33 PM

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COMPANYNEWS
Vishal Fabrics Q2 net profit up 38.77% at Rs 8.59 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 8.59 crore for the quarter ended September 30 2019 as compared to Rs 6.19 crore in the same period last year registering a year-on-year growth of 38.77 per cent.


Net revenue of the company rose substantially by 23.44 per cent at Rs 293.05 crore in July-September quarter of this fiscal as against Rs 237.41 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 18.87 per cent to Rs 269.92 crore from Rs 227.07 crore in year ago period.


Other Income grew by 17.78 per cent at Rs 0.53 crore versus (Sep`18 Rs 0.45 crore).


Operating Profit surged by 123.69 per cent to Rs 23.13 crore as against Rs 10.34 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 81.38 per cent in September quarter.


Interest grew by 216.60 per cent y-o-y to Rs 8.20 crore while Taxation decreased by 93.24 per cent at Rs -0.24 crore (Sep`18 Rs -3.55 crore).