Reliance Ind.Inf Q2 net profit down 0.95% at Rs 2.08 cr
17/10/2019 16:08
The company reported standalone net profit of Rs 2.08 crore for the quarter ended September 30, 2019 as compared to Rs 2.10 crore in the same period last year, registering a year-on-year decline of 0.95 per cent.

Net revenue of the company declined moderately by 6.16 per cent at Rs 19.97 crore in July-September quarter of this fiscal as against Rs 21.28 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 2.93 per cent to Rs 17.86 crore from Rs 18.40 crore in year ago period.

Other Income dipped by 4.88 per cent at Rs 3.70 crore versus (Sep'18 Rs 3.89 crore).

Operating Profit slipped by 26.74 per cent to Rs 2.11 crore as against Rs 2.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.14 per cent in September quarter.

Taxation decreased by 83.93 per cent at Rs 0.18 crore (Sep'18 Rs 1.12 crore).