Navin Fluorine Inter Q1 net profit down 0.33% at Rs 39.46 cr
29/07/2019 15:30
The company reported standalone net profit of Rs 39.46 crore for the quarter ended June 30, 2019 as compared to Rs 39.59 crore in the same period last year, registering a year-on-year decline of 0.33 per cent.

Net revenue of the company declined by 0.54 per cent at Rs 241.79 crore in April-June quarter of this fiscal as against Rs 243.11 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 0.58 per cent to Rs 181.04 crore from Rs 179.99 crore in year ago period.

Other Income grew by 68.25 per cent at Rs 6.36 crore versus (Jun'18 Rs 3.78 crore).

Operating Profit slipped by 3.75 per cent to Rs 60.75 crore as against Rs 63.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.24 per cent in June quarter.

Interest grew by 950.00 per cent y-o-y to Rs 0.42 crore, while Taxation decreased by 2.75 per cent at Rs 19.78 crore (Jun'18 Rs 20.34 crore).