Published on 5/12/2018 12:48:37 PM | Source: Dion Global Solutions Ltd

Rolcon Eng Co. Q2 net profit zooms 277.78% at Rs 0.34 cr

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The company reported standalone net profit of Rs 0.34 crore for the quarter ended September 30, 2018 as compared to Rs 0.09 crore in the same period last year, registering a year-on-year growth of 277.78 per cent. Net revenue of the company rose substantially by 22.90 per cent at Rs 9.66 crore in July-September quarter of this fiscal as against Rs 7.86 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 19.64 per cent to Rs 9.20 crore from Rs 7.69 crore in year ago period. Other Income dipped by 12.50 per cent at Rs 0.14 crore versus (Sep'17 Rs 0.16 crore). Operating Profit surged by 155.56 per cent to Rs 0.46 crore as against Rs 0.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 111.66 per cent in September quarter. Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore, while Taxation increased by 0.00 per cent at Rs 0.04 crore (Sep'17 Rs 0.00 crore).