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Category :
Company News
Headline :
Chandni Machines posts Q2 net profit of Rs 0.51 cr
Date:
06/11/2023 17:31
The company reported standalone net profit during the quarter stood at Rs 0.51 crore compared to net loss of Rs 0.01 crore in the previous year quarter.
Net revenue of the company rose triple digit by 195.87 per cent at Rs 52.31 crore in July-September quarter of this fiscal as against Rs 17.68 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 191.99 per cent to Rs 51.74 crore from Rs 17.72 crore in year ago period.
Other Income grew by 175.00 per cent at Rs 0.22 crore versus (Sep'22 Rs 0.08 crore).
Operating Profit surged by 1525.00 per cent to Rs 0.57 crore as against Rs -0.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 550.00 per cent in September quarter.
Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 1800.00 per cent at Rs 0.17 crore (Sep'22 Rs -0.01 crore).
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