La Opala RG Q3 net profit up 16.33% at Rs 25.43 cr

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The company reported standalone net profit of Rs 25.43 crore for the quarter ended December 31, 2019 as compared to Rs 21.86 crore in the same period last year, registering a year-on-year growth of 16.33 per cent.

Net revenue of the company rose marginally by 2.27 per cent at Rs 80.24 crore in October-December quarter of this fiscal as against Rs 78.46 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 3.00 per cent to Rs 47.20 crore from Rs 48.66 crore in year ago period.

Other Income dipped by 18.74 per cent at Rs 5.03 crore versus (Dec'18 Rs 6.19 crore). Operating Profit surged by 10.84 per cent to Rs 33.04 crore as against Rs 29.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.40 per cent in December quarter. Interest grew by 58.33 per cent y-o-y to Rs 0.19 crore, while Taxation decreased by 15.59 per cent at Rs 8.39 crore (Dec'18 Rs 9.94 crore).