Sree Rayalaseema Hi- Q3 net profit up 4.47% at Rs 10.51 cr

Sree Rayalaseema Hi- Q3 net profit up 4.47% at Rs 10.51 cr

Investment Guru India

The company reported standalone net profit of Rs 10.51 crore for the quarter ended December 31, 2019 as compared to Rs 10.06 crore in the same period last year, registering a year-on-year growth of 4.47 per cent. Net revenue of the company rose by 5.65 per cent at Rs 173.02 crore in October-December quarter of this fiscal as against Rs 163.77 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 5.66 per cent to Rs 144.55 crore from Rs 136.81 crore in year ago period. Other Income grew by 46.75 per cent at Rs 1.13 crore versus (Dec'18 Rs 0.77 crore).

Operating Profit surged by 5.64 per cent to Rs 28.48 crore as against Rs 26.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.00 per cent in December quarter. Interest declined by 47.67 per cent y-o-y to Rs 1.91 crore, while Taxation increased by 54.00 per cent at Rs 4.62 crore (Dec'18 Rs 3.00 crore).

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