Published on 11/02/2019 2:21:31 PM | Source: Dion Global Solutions Ltd.

Smruthi Organics Q3 net profit jumps 77.10% at Rs 2.32 cr

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The company reported standalone net profit of Rs 2.32 crore for the quarter ended December 31, 2018 as compared to Rs 1.31 crore in the same period last year, registering a year-on-year growth of 77.10 per cent. Net revenue of the company rose substantially by 77.60 per cent at Rs 38.45 crore in October-December quarter of this fiscal as against Rs 21.65 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 85.68 per cent to Rs 34.48 crore from Rs 18.57 crore in year ago period. Other Income grew by 193.94 per cent at Rs 0.97 crore versus (Dec'17 Rs 0.33 crore). Operating Profit surged by 28.57 per cent to Rs 3.96 crore as against Rs 3.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.55 per cent in December quarter. Interest declined by 19.44 per cent y-o-y to Rs 0.87 crore, while Taxation increased by 0.00 per cent at Rs 0.69 crore (Dec'17 Rs 0.00 crore).