Published on 7/12/2017 3:47:16 PM | Source: Dion Global Solutions Ltd

Precision Wires Q2 net profit jumps 41.85% at Rs 7.66 cr

The company reported standalone net profit of Rs 7.66 crore for the quarter ended September 30, 2017 as compared to Rs 5.40 crore in the same period last year, registering a year-on-year growth of 41.85 per cent.

Net revenue of the company rose substantially by 45.77 per cent at Rs 306.78 crore in July-September quarter of this fiscal as against Rs 210.45 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 46.24 per cent to Rs 287.98 crore from Rs 196.92 crore in year ago period. Operating Profit surged by 34.67 per cent to Rs 19.11 crore as against Rs 14.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.57 per cent in September quarter. Interest grew by 27.23 per cent y-o-y to Rs 2.99 crore, while Taxation increased by 65.49 per cent at Rs 4.70 crore