Sundaram Multi P Q2 net profit up 27.27% at Rs 0.56 cr
08/11/2019 19:00

The company reported standalone net profit of Rs 0.56 crore for the quarter ended September 30, 2019 as compared to Rs 0.44 crore in the same period last year, registering a year-on-year growth of 27.27 per cent.

Net revenue of the company rose by 0.77 per cent at Rs 16.98 crore in July-September quarter of this fiscal as against Rs 16.85 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.07 per cent to Rs 14.82 crore from Rs 14.83 crore in year ago period.

Other Income dipped by 1.96 per cent at Rs 0.50 crore versus (Sep'18 Rs 0.51 crore).

Operating Profit surged by 6.40 per cent to Rs 2.16 crore as against Rs 2.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.57 per cent in September quarter.

Interest declined by 3.57 per cent y-o-y to Rs 1.62 crore