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( 15 Feb 2019)
Sreeleathers Q3 net profit jumps 64.77% at Rs 8.09 cr

The company reported standalone net profit of Rs 8.09 crore for the quarter ended December 31, 2018 as compared to Rs 4.91 crore in the same period last year, registering a year-on-year growth of 64.77 per cent.

Net revenue of the company rose substantially by 30.80 per cent at Rs 42.51 crore in October-December quarter of this fiscal as against Rs 32.50 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.54 per cent to Rs 33.09 crore from Rs 26.15 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 2.14 crore versus (Dec'17 Rs 0.00 crore).

Operating Profit surged by 21.71 per cent to Rs 9.42 crore as against Rs 7.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.93 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 27.42 per cent at Rs 3.16 crore (Dec'17 Rs 2.48 crore).