Published on 11/02/2019 2:18:25 PM | Source: Dion Global Solutions Ltd.

K G Denim Q3 net profit up 33.49% at Rs 5.54 cr

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The company reported standalone net profit of Rs 5.54 crore for the quarter ended December 31, 2018 as compared to Rs 4.15 crore in the same period last year, registering a year-on-year growth of 33.49 per cent. Net revenue of the company rose moderately by 14.36 per cent at Rs 179.46 crore in October-December quarter of this fiscal as against Rs 156.93 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 14.36 per cent to Rs 161.20 crore from Rs 140.96 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.17 crore versus (Dec'17 Rs 0.00 crore). Operating Profit surged by 13.07 per cent to Rs 18.26 crore as against Rs 16.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.17 per cent in December quarter. Interest declined by 9.27 per cent y-o-y to Rs 5.97 crore, while Taxation increased by 159.60 per cent at Rs 2.57 crore (Dec'17 Rs 0.99 crore).