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Everest Kanto Cylind posts Q3 net profit of Rs 12.59 cr 13/02/2018 19:08

The company reported standalone net profit during the quarter stood at Rs 12.59 crore compared to net loss of Rs 15.98 crore in the previous year quarter.

Net revenue of the company rose substantially by 44.78 per cent at Rs 78.18 crore in October-December quarter of this fiscal as against Rs 54.00 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 45.68 per cent to Rs 68.34 crore from Rs 46.91 crore in year ago period.

Other Income grew by 934.74 per cent at Rs 9.83 crore versus (Dec'16 Rs 0.95 crore).

Operating Profit surged by 17.00 per cent to Rs 9.84 crore as against Rs 8.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.14 per cent in December quarter.

Interest declined by 34.61 per cent y-o-y to Rs 6.16 crore, while Taxation increased by 0.00 per cent at Rs 0.75 crore (Dec'16 Rs 0.00 crore).

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