06 Dec 2019 | 2:33 PM

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COMPANYNEWS
Weizmann Q2 net profit down 56.75% at Rs 1.73 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 1.73 crore for the quarter ended September 30 2019 as compared to Rs 4.00 crore in the same period last year registering a year-on-year decline of 56.75 per cent.


Net revenue of the company declined moderately by 10.24 per cent at Rs 22.09 crore in July-September quarter of this fiscal as against Rs 24.61 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 8.37 per cent to Rs 18.93 crore from Rs 20.66 crore in year ago period.


Other Income dipped by 93.94 per cent at Rs 0.04 crore versus (Sep`18 Rs 0.66 crore).


Operating Profit slipped by 19.54 per cent to Rs 3.17 crore as against Rs 3.94 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.54 per cent in September quarter.


Interest grew by 1400.00 per cent y-o-y to Rs 0.15 crore while Taxation increased by 195.83 per cent at Rs 0.71 crore (Sep`18 Rs 0.24 crore).