Published on 8/11/2019 5:12:19 PM | Source: Dion Global Solutions Ltd

HG Infra Engineering Q2 net profit jumps 56.90% at Rs 38.55 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 38.55 crore for the quarter ended September 30, 2019 as compared to Rs 24.57 crore in the same period last year, registering a year-on-year growth of 56.90 per cent.

Net revenue of the company rose moderately by 10.51 per cent at Rs 474.19 crore in July-September quarter of this fiscal as against Rs 429.11 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 9.29 per cent to Rs 400.88 crore from Rs 366.79 crore in year ago period.

Other Income dipped by 0.34 per cent at Rs 2.94 crore versus (Sep'18 Rs 2.95 crore). Operating Profit surged by 17.63 per cent to Rs 73.31 crore as against Rs 62.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.47 per cent in September quarter. Interest grew by 11.98 per cent y-o-y to Rs 10.75 crore, while Taxation decreased by 34.03 per cent at Rs 8.82 crore (Sep'18 Rs 13.37 crore).