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Modern Insulator Q3 net profit down 8.87% at Rs 9.25 cr

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Dion Global

13 Feb 2025

The company reported standalone net profit of Rs 9.25 crore for the quarter ended December 31, 2024 as compared to Rs 10.15 crore in the same period last year, registering a year-on-year decline of 8.87 per cent.

Net revenue of the company rose moderately by 16.28 per cent at Rs 124.58 crore in October-December quarter of this fiscal as against Rs 107.14 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 18.89 per cent to Rs 114.81 crore from Rs 96.57 crore in year ago period.

Other Income grew by 85.50 per cent at Rs 4.99 crore versus (Dec'23 Rs 2.69 crore).

Operating Profit slipped by 7.57 per cent to Rs 9.77 crore as against Rs 10.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.49 per cent in December quarter.

Interest grew by 17.11 per cent y-o-y to Rs 0.89 crore, while Taxation increased by 958.33 per cent at Rs 2.54 crore (Dec'23 Rs 0.24 crore).