Published on 7/12/2017 2:41:26 PM | Source: Dion Global Solutions Ltd
SPEL Semiconductor posts Q2 net profit of Rs 0.69 cr
The company reported standalone net profit during the quarter stood at Rs 0.69 crore compared to net loss of Rs 2.31 crore in the previous year quarter. Net revenue of the company rose substantially by 25.74 per cent at Rs 11.43 crore in July-September quarter of this fiscal as against Rs 9.09 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 9.53 per cent to Rs 10.57 crore from Rs 9.65 crore in year ago period. Other Income grew by 64.41 per cent at Rs 0.97 crore versus (Sep'16 Rs 0.59 crore). Operating Profit surged by 253.57 per cent to Rs 0.86 crore as against Rs -0.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 221.84 per cent in September quarter. Interest declined by 20.00 per cent y-o-y to Rs 0.60 crore, while Taxation increased by 0.00 per cent at Rs -1.21 crore