Uday Jewellery Q3 net profit jumps 71.81% at Rs 2.56 cr
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The company reported standalone net profit of Rs 2.56 crore for the quarter ended December 31, 2020 as compared to Rs 1.49 crore in the same period last year, registering a year-on-year growth of 71.81 per cent. Net revenue of the company rose substantially by 48.14 per cent at Rs 38.19 crore in October-December quarter of this fiscal as against Rs 25.78 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 48.98 per cent to Rs 35.13 crore from Rs 23.58 crore in year ago period. Other Income grew by 283.33 per cent at Rs 0.46 crore versus (Dec'19 Rs 0.12 crore). Operating Profit surged by 39.09 per cent to Rs 3.06 crore as against Rs 2.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.10 per cent in December quarter. Interest declined by 25.00 per cent y-o-y to Rs 0.15 crore, while Taxation increased by 33.33 per cent at Rs 0.76 crore (Dec'19 Rs 0.57 crore).
