Published on 15/11/2019 3:23:43 PM | Source: Dion Global Solutions Ltd

Saurashtra Cemen posts Q2 net profit of Rs 15.38 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 during the quarter stood at Rs 15.38 crore compared to net loss of Rs 3.72 crore in the previous year quarter. Net revenue of the company declined marginally by 4.48 per cent at Rs 128.30 crore in July-September quarter of this fiscal as against Rs 134.32 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 22.45 per cent to Rs 104.28 crore from Rs 134.47 crore in year ago period. Other Income grew by 66.06 per cent at Rs 1.81 crore versus (Sep'18 Rs 1.09 crore).

Operating Profit surged by 16113.33 per cent to Rs 24.02 crore as against Rs -0.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17118.18 per cent in September quarter. Interest declined by 42.66 per cent y-o-y to Rs 0.82 crore, while Taxation increased by 526.56 per cent at Rs 5.46 crore (Sep'18 Rs -1.28 crore).