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( 13 Feb 2019)
The Indian Wood Prod Q3 net profit up 28.90% at Rs 6.69 cr

The company reported standalone net profit of Rs 6.69 crore for the quarter ended December 31, 2018 as compared to Rs 5.19 crore in the same period last year, registering a year-on-year growth of 28.90 per cent.

Net revenue of the company declined by 5.18 per cent at Rs 48.32 crore in October-December quarter of this fiscal as against Rs 50.96 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.57 per cent to Rs 36.96 crore from Rs 41.33 crore in year ago period.

Other Income dipped by 41.18 per cent at Rs 0.10 crore versus (Dec'17 Rs 0.17 crore).

Operating Profit surged by 17.96 per cent to Rs 11.36 crore as against Rs 9.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 24.44 per cent in December quarter.

Interest grew by 2.36 per cent y-o-y to Rs 1.30 crore, while Taxation decreased by 1.09 per cent at Rs 2.72 crore (Dec'17 Rs 2.75 crore).