Published on 5/12/2018 12:44:17 PM | Source: Dion Global Solutions Ltd

Balurghat Techno Q2 net profit jumps 41.67% at Rs 0.17 cr

Posted in Stock On The Move| #Stock Market #Stock On The Move #Quarterly Result

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

Now Get news on WhatsApp. Click Here To Know More

The company reported standalone net profit of Rs 0.17 crore for the quarter ended September 30, 2018 as compared to Rs 0.12 crore in the same period last year, registering a year-on-year growth of 41.67 per cent. Net revenue of the company rose substantially by 23.93 per cent at Rs 11.91 crore in July-September quarter of this fiscal as against Rs 9.61 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 23.26 per cent to Rs 11.50 crore from Rs 9.33 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Sep'17 Rs 0.04 crore). Operating Profit surged by 46.43 per cent to Rs 0.41 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.63 per cent in September quarter. Interest grew by 85.71 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 20.00 per cent at Rs 0.06 crore (Sep'17 Rs 0.05 crore).