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( As on 18/01/2020 20:50)

Indag Rubber Q3 net profit jumps 95.24% at Rs 4.10 cr

The company reported standalone net profit of Rs 4.10 crore for the quarter ended December 31, 2019 as compared to Rs 2.10 crore in the same period last year, registering a year-on-year growth of 95.24 per cent.

Net revenue of the company rose moderately by 19.02 per cent at Rs 51.18 crore in October-December quarter of this fiscal as against Rs 43.00 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 11.89 per cent to Rs 45.45 crore from Rs 40.62 crore in year ago period.

Other Income dipped by 47.54 per cent at Rs 0.64 crore versus (Dec'18 Rs 1.22 crore).

Operating Profit surged by 140.76 per cent to Rs 5.73 crore as against Rs 2.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 102.53 per cent in December quarter.

Interest grew by 16.67 per cent y-o-y to Rs 0.07 crore, while Taxation increased by 95.38 per cent at Rs 1.27 crore (Dec'18 Rs 0.65 crore).