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Jindal Saw Q3 net profit down 20.38% at Rs 119.69 cr 04/02/2020 15:20

The company reported standalone net profit of Rs 119.69 crore for the quarter ended December 31, 2019 as compared to Rs 150.32 crore in the same period last year, registering a year-on-year decline of 20.38 per cent.

Net revenue of the company rose moderately by 15.38 per cent at Rs 2,702.05 crore in October-December quarter of this fiscal as against Rs 2,341.91 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 15.10 per cent to Rs 2,334.64 crore from Rs 2,028.37 crore in year ago period.

Other Income dipped by 18.61 per cent at Rs 46.30 crore versus (Dec'18 Rs 56.89 crore).

Operating Profit surged by 17.18 per cent to Rs 367.41 crore as against Rs 313.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.57 per cent in December quarter.

Interest grew by 57.46 per cent y-o-y to Rs 128.38 crore, while Taxation decreased by 14.14 per cent at Rs 56.73 crore (Dec'18 Rs 66.07 crore).

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