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News Details

Sangam Renewables posts Q3 net profit of Rs 0.17 cr

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06/02/2021 17:00
The company reported standalone net profit during the quarter stood at Rs 0.17 crore compared to net loss of Rs 0.15 crore in the previous year quarter.

Net revenue of the company rose three fold by 612.00 per cent at Rs 1.78 crore in October-December quarter of this fiscal as against Rs 0.25 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 241.30 per cent to Rs 1.57 crore from Rs 0.46 crore in year ago period.

Other Income grew by 1.03 per cent at Rs 0.98 crore versus (Dec'19 Rs 0.97 crore).

Operating Profit surged by 200.00 per cent to Rs 0.21 crore as against Rs -0.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 114.15 per cent in December quarter.

Interest grew by 14.12 per cent y-o-y to Rs 0.97 crore, while Taxation decreased by 50.00 per cent at Rs 0.01 crore (Dec'19 Rs 0.02 crore).