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Neeraj Paper Market Q3 net profit down 48.39% at Rs 0.16 cr 14/02/2020 16:30

The company reported standalone net profit of Rs 0.16 crore for the quarter ended December 31, 2019 as compared to Rs 0.31 crore in the same period last year, registering a year-on-year decline of 48.39 per cent.

Net revenue of the company declined substantially by 37.03 per cent at Rs 34.17 crore in October-December quarter of this fiscal as against Rs 54.26 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 37.18 per cent to Rs 33.32 crore from Rs 53.04 crore in year ago period.

Other Income dipped by 83.33 per cent at Rs 0.01 crore versus (Dec'18 Rs 0.06 crore).

Operating Profit slipped by 30.33 per cent to Rs 0.85 crore as against Rs 1.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.22 per cent in December quarter.

Interest declined by 20.00 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 64.29 per cent at Rs 0.05 crore (Dec'18 Rs 0.14 crore).

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