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News Details

North Eastern Carry Q3 net profit down 40.71% at Rs 0.83 cr

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12/02/2021 15:00
The company reported standalone net profit of Rs 0.83 crore for the quarter ended December 31, 2020 as compared to Rs 1.40 crore in the same period last year, registering a year-on-year decline of 40.71 per cent.

Net revenue of the company declined substantially by 30.74 per cent at Rs 62.56 crore in October-December quarter of this fiscal as against Rs 90.32 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 32.02 per cent to Rs 60.01 crore from Rs 88.27 crore in year ago period.

Other Income dipped by 95.30 per cent at Rs 0.11 crore versus (Dec'19 Rs 2.34 crore).

Operating Profit surged by 25.00 per cent to Rs 2.55 crore as against Rs 2.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 80.53 per cent in December quarter.

Interest declined by 0.63 per cent y-o-y to Rs 1.58 crore