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KG Denim reports near six fold jump in Q1FY17 net profit
06 Aug '16
1 min read
Coimbatore based KG Denim reported a near six fold jump in net profit at Rs 9.30 crore in the three months ended June 30, 2016, as against Rs 1.60 crore in the same quarter of fiscal 2015-16.
However, net sales of the company dropped 1.80 per cent from a fiscal ago quarter to Rs 152.74 crore for the reporting quarter.
The near six fold increase in net profit in the April-June 2016 quarter was partly helped by operating profit which soared 48.08 per cent over the prior fiscal's first quarter at Rs 23.50 crore.
Total expenditure at the denim and apparel fabric producer and exporter slipped 8.92 per cent year over year to Rs 130.73 crore in the quarter under review. (AR)
However, net sales of the company dropped 1.80 per cent from a fiscal ago quarter to Rs 152.74 crore for the reporting quarter.
The near six fold increase in net profit in the April-June 2016 quarter was partly helped by operating profit which soared 48.08 per cent over the prior fiscal's first quarter at Rs 23.50 crore.
Total expenditure at the denim and apparel fabric producer and exporter slipped 8.92 per cent year over year to Rs 130.73 crore in the quarter under review. (AR)
Fibre2fashion News Desk - India
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