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News Details

BMW Industries Q3 net profit down 93.29% at Rs 0.30 cr

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15/02/2021 09:30
The company reported standalone net profit of Rs 0.30 crore for the quarter ended December 31, 2020 as compared to Rs 4.47 crore in the same period last year, registering a year-on-year decline of 93.29 per cent.

Net revenue of the company declined substantially by 37.99 per cent at Rs 91.73 crore in October-December quarter of this fiscal as against Rs 147.93 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 39.09 per cent to Rs 74.74 crore from Rs 122.71 crore in year ago period.

Other Income dipped by 16.62 per cent at Rs 2.86 crore versus (Dec'19 Rs 3.43 crore).

Operating Profit slipped by 32.63 per cent to Rs 16.99 crore as against Rs 25.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.62 per cent in December quarter.

Interest declined by 35.77 per cent y-o-y to Rs 6.84 crore, while Taxation decreased by 72.05 per cent at Rs 0.64 crore (Dec'19 Rs 2.29 crore).