News Details

( As on 26/02/2020 17:30)

Swarnsarita Gems Q3 net profit down 11.36% at Rs 0.78 cr

The company reported standalone net profit of Rs 0.78 crore for the quarter ended December 31, 2019 as compared to Rs 0.88 crore in the same period last year, registering a year-on-year decline of 11.36 per cent.

Net revenue of the company rose marginally by 4.80 per cent at Rs 154.60 crore in October-December quarter of this fiscal as against Rs 147.52 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 4.82 per cent to Rs 153.37 crore from Rs 146.32 crore in year ago period.

Other Income grew by 6.42 per cent at Rs 1.16 crore versus (Dec'18 Rs 1.09 crore).

Operating Profit surged by 2.50 per cent to Rs 1.23 crore as against Rs 1.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.23 per cent in December quarter.

Interest grew by 31.31 per cent y-o-y to Rs 1.30 crore, while Taxation decreased by 29.73 per cent at Rs 0.26 crore (Dec'18 Rs 0.37 crore).