Published on 14/11/2017 3:42:52 PM | Source: Dion Global Solutions Ltd

Navkar Corporation L Q2 net profit up 5.09% at Rs 26.42 cr

The company reported standalone net profit of Rs 26.42 crore for the quarter ended September 30, 2017 as compared to Rs 25.14 crore in the same period last year, registering a year-on-year growth of 5.09 per cent. Net revenue of the company rose moderately by 9.50 per cent at Rs 92.91 crore in July-September quarter of this fiscal as against Rs 84.85 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 4.40 per cent to Rs 55.29 crore from Rs 52.96 crore in year ago period. Other Income dipped by 34.51 per cent at Rs 3.70 crore versus (Sep'16 Rs 5.65 crore). Operating Profit surged by 10.26 per cent to Rs 37.62 crore as against Rs 34.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.67 per cent in September quarter. Interest declined by 20.03 per cent y-o-y to Rs 5.27 crore, while Taxation increased by 38.82 per cent at Rs 4.47 crore (Sep'16 Rs 3.22 crore).