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News Details

( As on 14/11/2024 17:30)

Guj. Raffia Indu Q2 net profit up 16.67% at Rs 0.07 cr

The company reported standalone net profit of Rs 0.07 crore for the quarter ended September 30, 2024 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 16.67 per cent.

Net revenue of the company declined substantially by 28.31 per cent at Rs 5.47 crore in July-September quarter of this fiscal as against Rs 7.63 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 37.84 per cent to Rs 4.96 crore from Rs 7.98 crore in year ago period.

Other Income dipped by 98.82 per cent at Rs 0.01 crore versus (Sep'23 Rs 0.85 crore).

Operating Profit surged by 245.71 per cent to Rs 0.51 crore as against Rs -0.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 301.30 per cent in September quarter.

Interest declined by 20.00 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 0.00 per cent at Rs 0.01 crore (Sep'23 Rs 0.01 crore).