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( 16 Nov 2018)
Panchsheel Organ Q2 net profit up 11.61% at Rs 1.25 cr

The company reported standalone net profit of Rs 1.25 crore for the quarter ended September 30, 2018 as compared to Rs 1.12 crore in the same period last year, registering a year-on-year growth of 11.61 per cent.

Net revenue of the company rose moderately by 11.69 per cent at Rs 12.13 crore in July-September quarter of this fiscal as against Rs 10.86 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 14.74 per cent to Rs 10.04 crore from Rs 8.75 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Sep'17 Rs 0.00 crore).

Operating Profit slipped by 1.42 per cent to Rs 2.09 crore as against Rs 2.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.69 per cent in September quarter.

Interest grew by 12.50 per cent y-o-y to Rs 0.09 crore, while Taxation decreased by 20.00 per cent at Rs 0.48 crore (Sep'17 Rs 0.60 crore).