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14/02/2024 13:52

Hipolin posts Q3 net profit of Rs 0.01 cr

The company reported standalone net profit during the quarter stood at Rs 0.01 crore compared to net loss of Rs 0.07 crore in the previous year quarter.

Net revenue of the company rose substantially by 26.71 per cent at Rs 5.36 crore in October-December quarter of this fiscal as against Rs 4.23 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 22.95 per cent to Rs 5.41 crore from Rs 4.40 crore in year ago period.

Other Income dipped by 9.09 per cent at Rs 0.10 crore versus (Dec'22 Rs 0.11 crore).

Operating Profit slipped by 70.59 per cent to Rs -0.05 crore as against Rs -0.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 78.40 per cent in December quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.02 crore