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( As on 07/11/2017 14:10) WABCO India Q2 net profit jumps 64.35% at Rs 77.59 cr

The company reported standalone net profit of Rs 77.59 crore for the quarter ended September 30, 2017 as compared to Rs 47.21 crore in the same period last year, registering a year-on-yearÿgrowthÿof 64.35 per cent.

Net revenue of the company rose substantially by 21.52 per cent at Rs 578.24 crore in July-September quarter of this fiscal as against Rs 475.85 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 16.17 per cent to Rs 507.11 crore from Rs 436.54 crore in year ago period.

Other Income grew by 48.14 per cent at Rs 13.94 crore versus (Sep'16 Rs 9.41 crore).

Operating Profit surged by 50.49 per cent to Rs 102.65 crore as against Rs 68.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.87 per cent in September quarter.

Interest grew by 900.00 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 52.29 per cent at Rs 23.59 crore (Sep'16 Rs 15.49 crore).