Gorani Industrie Q2 net profit zooms 112.50% at Rs 0.17 cr
08/11/2019 19:00

The company reported standalone net profit of Rs 0.17 crore for the quarter ended September 30, 2019 as compared to Rs 0.08 crore in the same period last year, registering a year-on-year growth of 112.50 per cent.

Net revenue of the company rose moderately by 17.94 per cent at Rs 5.72 crore in July-September quarter of this fiscal as against Rs 4.85 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 15.95 per cent to Rs 5.38 crore from Rs 4.64 crore in year ago period.

Operating Profit surged by 61.90 per cent to Rs 0.34 crore as against Rs 0.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.79 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 100.00 per cent at Rs 0.06 crore (Sep'18 Rs 0.03 crore).