Published on 23/11/2017 3:51:51 PM | Source: Dion Global Solutions Ltd.
Mohit Paper Mills Q2 net jumps 58% at Rs 0.38 cr
Mohit Paper Mills, a leading exporter, manufacturer & supplier of paper, on Thursday reported a 58.33 per cent year-on-year growth in standalone net profit at Rs 0.38 crore for the second quarter ended September 30, 2017. “The company had posted standalone net profit of Rs 0.24 crore in the same period last year,” said Mohit Paper Mills in a filing to the Bombay Stock Exchange.
Net revenue of the company declined moderately by 11.62 per cent at Rs 20.46 crore in July-September quarter of this fiscal as against Rs 23.15 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 11.74 per cent to Rs 18.79 crore from Rs 21.29 crore in year ago period. Other Income dipped by 85.71 per cent at Rs 0.01 crore versus (Sep'16 Rs 0.07 crore).
Operating Profit slipped by 10.75 per cent to Rs 1.66 crore as against Rs 1.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.37 per cent in September quarter. Meanwhile, shares of company were trading flat at Rs 13.42 apiece on the BSE at 14:55 hours.
