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Category :
Company News
Headline :
Shree Hari Chem. posts Q3 net profit of Rs 1.04 cr
Date:
14/02/2024 16:22
The company reported standalone net profit during the quarter stood at Rs 1.04 crore compared to net loss of Rs 9.68 crore in the previous year quarter.
Net revenue of the company declined by 5.64 per cent at Rs 36.98 crore in October-December quarter of this fiscal as against Rs 39.19 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 32.26 per cent to Rs 34.69 crore from Rs 51.21 crore in year ago period.
Other Income grew by 24.00 per cent at Rs 0.31 crore versus (Dec'22 Rs 0.25 crore).
Operating Profit surged by 119.05 per cent to Rs 2.29 crore as against Rs -12.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.19 per cent in December quarter.
Interest grew by 25.00 per cent y-o-y to Rs 0.65 crore, while Taxation increased by 111.01 per cent at Rs 0.35 crore (Dec'22 Rs -3.18 crore).
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