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News Details

Simran Farms Lim Q2 net profit down 2.85% at Rs 3.07 cr

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14/11/2021 08:01
The company reported standalone net profit of Rs 3.07 crore for the quarter ended September 30, 2021 as compared to Rs 3.16 crore in the same period last year, registering a year-on-year decline of 2.85 per cent.

Net revenue of the company rose substantially by 32.10 per cent at Rs 112.44 crore in July-September quarter of this fiscal as against Rs 85.12 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 37.43 per cent to Rs 107.90 crore from Rs 78.51 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Sep'20 Rs 0.04 crore).

Operating Profit slipped by 31.32 per cent to Rs 4.54 crore as against Rs 6.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.01 per cent in September quarter.

Interest grew by 2.78 per cent y-o-y to Rs 0.37 crore, while Taxation decreased by 76.43 per cent at Rs 0.62 crore (Sep'20 Rs 2.63 crore).