Andhra Petro Q1 net profit down 55.96% at Rs 13.86 cr
03/08/2019 14:50
The company reported standalone net profit of Rs 13.86 crore for the quarter ended June 30, 2019 as compared to Rs 31.47 crore in the same period last year, registering a year-on-year decline of 55.96 per cent.

Net revenue of the company declined moderately by 12.69 per cent at Rs 144.25 crore in April-June quarter of this fiscal as against Rs 165.21 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 5.10 per cent to Rs 119.92 crore from Rs 126.37 crore in year ago period.

Other Income grew by 12.31 per cent at Rs 0.73 crore versus (Jun'18 Rs 0.65 crore).

Operating Profit slipped by 37.36 per cent to Rs 24.33 crore as against Rs 38.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.24 per cent in June quarter.

Interest declined by 74.09 per cent y-o-y to Rs 0.50 crore, while Taxation increased by 111.65 per cent at Rs 7.45 crore (Jun'18 Rs 3.52 crore).