Andhra Petro Q4 net profit zooms 145.39% at Rs 13.84 cr
25/05/2019 17:40
The company reported standalone net profit of Rs 13.84 crore for the quarter ended March 31, 2019 as compared to Rs 5.64 crore in the same period last year, registering a year-on-year growth of 145.39 per cent.

Net revenue of the company rose substantially by 39.75 per cent at Rs 158.96 crore in January-March quarter of this fiscal as against Rs 113.75 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 30.56 per cent to Rs 134.12 crore from Rs 102.73 crore in year ago period.

Other Income grew by 100.00 per cent at Rs 0.78 crore versus (Mar'18 Rs 0.39 crore).

Operating Profit surged by 125.20 per cent to Rs 24.84 crore as against Rs 11.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.30 per cent in March quarter.

Interest declined by 54.95 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 831.03 per cent at Rs 8.10 crore (Mar'18 Rs 0.87 crore).