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14/11/2024 17:30

Nath Industries Q2 net profit zooms 328.57% at Rs 0.60 cr

The company reported standalone net profit of Rs 0.60 crore for the quarter ended September 30, 2024 as compared to Rs 0.14 crore in the same period last year, registering a year-on-year growth of 328.57 per cent.

Net revenue of the company rose moderately by 18.04 per cent at Rs 96.31 crore in July-September quarter of this fiscal as against Rs 81.59 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 17.84 per cent to Rs 91.48 crore from Rs 77.63 crore in year ago period.

Other Income grew by 123.73 per cent at Rs 1.32 crore versus (Sep'23 Rs 0.59 crore).

Operating Profit surged by 21.97 per cent to Rs 4.83 crore as against Rs 3.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.51 per cent in September quarter.

Interest grew by 25.10 per cent y-o-y to Rs 3.04 crore