Gillanders Arbut Q2 net profit down 32.39% at Rs 8.12 cr
08/11/2019 19:30

The company reported standalone net profit of Rs 8.12 crore for the quarter ended September 30, 2019 as compared to Rs 12.01 crore in the same period last year, registering a year-on-year decline of 32.39 per cent.

Net revenue of the company declined moderately by 8.69 per cent at Rs 180.22 crore in July-September quarter of this fiscal as against Rs 197.37 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 5.41 per cent to Rs 159.77 crore from Rs 168.91 crore in year ago period.

Other Income grew by 446.94 per cent at Rs 2.68 crore versus (Sep'18 Rs 0.49 crore).

Operating Profit slipped by 28.14 per cent to Rs 20.45 crore as against Rs 28.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.29 per cent in September quarter.

Interest grew by 1.85 per cent y-o-y to Rs 11.01 crore