The company reported standalone net profit of Rs 22.28 crore for the quarter ended September 30, 2019 as compared to Rs 16.24 crore in the same period last year, registering a year-on-year growth of 37.19 per cent. Net revenue of the company rose moderately by 12.64 per cent at Rs 255.98 crore in July-September quarter of this fiscal as against Rs 227.25 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 12.64 per cent to Rs 215.55 crore from Rs 191.37 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.29 crore versus (Sep'18 Rs 0.00 crore). Operating Profit surged by 12.65 per cent to Rs 40.42 crore as against Rs 35.88 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.00 per cent in September quarter. Interest grew by 102.78 per cent y-o-y to Rs 3.65 crore, while Taxation decreased by 62.91 per cent at Rs 3.42 crore (Sep'18 Rs 9.22 crore).


0 thoughts on “GNA Axles Q2 net profit up 37 at Rs 22 cr”

Post Comment

Daily News