Tips Industries standalone net profit rises 81.49% in the June 2020 quarter

Capital Market 

Sales decline 59.10% to Rs 14.98 crore

Net profit of Tips Industries rose 81.49% to Rs 6.08 crore in the quarter ended June 2020 as against Rs 3.35 crore during the previous quarter ended June 2019. Sales declined 59.10% to Rs 14.98 crore in the quarter ended June 2020 as against Rs 36.63 crore during the previous quarter ended June 2019. ParticularsQuarter EndedJun. 2020Jun. 2019% Var.Sales14.9836.63 -59 OPM %54.4174.34 -PBDT8.8027.57 -68 PBT8.584.22 103 NP6.083.35 81

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First Published: Thu, August 20 2020. 08:24 IST