Published on 13/08/2019 4:54:25 PM | Source: Dion Global Solutions Ltd

India Nippon Ele Q1 net profit jumps 67.94% at Rs 20.74 cr

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The company reported standalone net profit of Rs 20.74 crore for the quarter ended June 30, 2019 as compared to Rs 12.35 crore in the same period last year, registering a year-on-year growth of 67.94 per cent. Net revenue of the company rose moderately by 10.63 per cent at Rs 130.41 crore in April-June quarter of this fiscal as against Rs 117.88 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 14.38 per cent to Rs 113.56 crore from Rs 99.28 crore in year ago period.

Other Income grew by 904.69 per cent at Rs 12.86 crore versus (Jun'18 Rs 1.28 crore). Operating Profit slipped by 9.41 per cent to Rs 16.85 crore as against Rs 18.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.12 per cent in June quarter. Interest grew by 366.67 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 14.41 per cent at Rs 6.67 crore (Jun'18 Rs 5.83 crore).