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News Details

Rajkumar Forge Q2 net profit down 70.83% at Rs 0.35 cr

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13/11/2021 21:20
The company reported standalone net profit of Rs 0.35 crore for the quarter ended September 30, 2021 as compared to Rs 1.20 crore in the same period last year, registering a year-on-year decline of 70.83 per cent.

Net revenue of the company declined by 0.96 per cent at Rs 12.35 crore in July-September quarter of this fiscal as against Rs 12.47 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 7.18 per cent to Rs 11.20 crore from Rs 10.45 crore in year ago period.

Other Income grew by 375.00 per cent at Rs 0.19 crore versus (Sep'20 Rs 0.04 crore).

Operating Profit slipped by 43.56 per cent to Rs 1.14 crore as against Rs 2.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 42.74 per cent in September quarter.

Interest declined by 11.11 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 50.00 per cent at Rs 0.45 crore (Sep'20 Rs 0.30 crore).