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News Details

Garg Furnace Lim posts Q2 net profit of Rs 0.35 cr

Back
15/11/2021 13:10
The company reported standalone net profit during the quarter stood at Rs 0.35 crore compared to net loss of Rs 0.39 crore in the previous year quarter.

Net revenue of the company rose substantially by 52.16 per cent at Rs 42.68 crore in July-September quarter of this fiscal as against Rs 28.05 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 49.84 per cent to Rs 42.00 crore from Rs 28.03 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.08 crore versus (Sep'20 Rs 0.00 crore).

Operating Profit surged by 3250.00 per cent to Rs 0.67 crore as against Rs 0.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1875.00 per cent in September quarter.

Interest declined by 33.33 per cent y-o-y to Rs 0.06 crore