Ripples Advisory: Eon Electric Q2 net profit down 71.43% at Rs 0.26 cr

The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2017 as compared to Rs 0.91 crore in the same period last year, registering a year-on-year decline of 71.43 per cent. Net revenue of the company declined moderately by 8.06 per cent at Rs 39.48 crore in July-September quarter of this fiscal as against Rs 42.94 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 12.15 per cent to Rs 37.02 crore from Rs 42.14 crore in year ago period. Other Income dipped by 38.46 per cent at Rs 1.36 crore versus (Sep'16 Rs 2.21 crore). Operating Profit surged by 60.39 per cent to Rs 2.47 crore as against Rs 1.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 74.09 per cent in September quarter. Interest grew by 18.45 per cent y-o-y to Rs 2.76 crore, while Taxation increased by 2800.00 per cent at Rs 0.27 crore (Sep'16 Rs -0.01 crore).

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