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Published on 28/10/2020 4:28:25 PM | Source: Dion Global Solutions Ltd

Carborundum Uni. Q2 net profit up 15.40% at Rs 50.21 cr

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The company reported standalone net profit of Rs 50.21 crore for the quarter ended September 30, 2020 as compared to Rs 43.51 crore in the same period last year, registering a year-on-year growth of 15.40 per cent.

Net revenue of the company declined marginally by 2.34 per cent at Rs 423.76 crore in July-September quarter of this fiscal as against Rs 433.92 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 5.12 per cent to Rs 353.93 crore from Rs 373.02 crore in year ago period. Other Income grew by 117.85 per cent at Rs 7.69 crore versus (Sep'19 Rs 3.53 crore).

Operating Profit surged by 13.98 per cent to Rs 76.40 crore as against Rs 67.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.70 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 84.46 per cent at Rs 18.52 crore (Sep'19 Rs 10.04 crore).