KSB Ltd Q2 net profit up 29.91% at Rs 27.80 cr
24/07/2019 15:50
The company reported standalone net profit of Rs 27.80 crore for the quarter ended June 30, 2019 as compared to Rs 21.40 crore in the same period last year, registering a year-on-year growth of 29.91 per cent.

Net revenue of the company rose moderately by 19.01 per cent at Rs 301.80 crore in April-June quarter of this fiscal as against Rs 253.60 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 19.87 per cent to Rs 269.70 crore from Rs 225.00 crore in year ago period.

Other Income dipped by 16.33 per cent at Rs 8.20 crore versus (Jun'18 Rs 9.80 crore).

Operating Profit surged by 12.24 per cent to Rs 32.10 crore as against Rs 28.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.67 per cent in June quarter.

Interest grew by 100.00 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 107.46 per cent at Rs 13.90 crore (Jun'18 Rs 6.70 crore).