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Category :
Company News
Headline :
W H Brady & Co. Q2 net profit down 71.03% at Rs 0.31 cr
Date:
04/11/2023 13:30
The company reported standalone net profit of Rs 0.31 crore for the quarter ended September 30, 2023 as compared to Rs 1.07 crore in the same period last year, registering a year-on-year decline of 71.03 per cent.
Net revenue of the company rose substantially by 25.63 per cent at Rs 9.95 crore in July-September quarter of this fiscal as against Rs 7.92 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 52.94 per cent to Rs 10.40 crore from Rs 6.80 crore in year ago period.
Other Income grew by 287.50 per cent at Rs 1.24 crore versus (Sep'22 Rs 0.32 crore).
Operating Profit slipped by 138.94 per cent to Rs -0.44 crore as against Rs 1.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 131.41 per cent in September quarter.
Interest grew by 12.50 per cent y-o-y to Rs 0.09 crore, while Taxation increased by 127.27 per cent at Rs 0.25 crore (Sep'22 Rs 0.11 crore).
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