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Published on 9/11/2020 3:27:19 PM | Source: Dion Global Solutions Ltd

Kalyani Steel Q2 net profit up 0.02% at Rs 45.17 cr

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The company reported standalone net profit of Rs 45.17 crore for the quarter ended September 30, 2020 as compared to Rs 45.16 crore in the same period last year, registering a year-on-year growth of 0.02 per cent.

Net revenue of the company rose moderately by 6.16 per cent at Rs 321.90 crore in July-September quarter of this fiscal as against Rs 303.21 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 0.60 per cent to Rs 260.51 crore from Rs 258.95 crore in year ago period. Other Income grew by 197.13 per cent at Rs 11.38 crore versus (Sep'19 Rs 3.83 crore).

Operating Profit surged by 38.70 per cent to Rs 61.39 crore as against Rs 44.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.62 per cent in September quarter.

Interest declined by 44.78 per cent y-o-y to Rs 1.27 crore, while Taxation increased by 253.47 per cent at Rs 15.27 crore (Sep'19 Rs -9.95 crore).