Tata Chemicals Q1 net profit down 0.56% at Rs 254.48 cr
08/08/2019 17:20
The company reported standalone net profit of Rs 254.48 crore for the quarter ended June 30, 2019 as compared to Rs 255.91 crore in the same period last year, registering a year-on-year decline of 0.56 per cent.

Net revenue of the company rose marginally by 3.58 per cent at Rs 1,031.44 crore in April-June quarter of this fiscal as against Rs 995.81 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 4.21 per cent to Rs 764.66 crore from Rs 733.77 crore in year ago period.

Other Income dipped by 2.57 per cent at Rs 157.67 crore versus (Jun'18 Rs 161.83 crore).

Operating Profit surged by 1.81 per cent to Rs 266.78 crore as against Rs 262.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.71 per cent in June quarter.

Interest declined by 12.57 per cent y-o-y to Rs 20.24 crore, while Taxation increased by 1.11 per cent at Rs 104.79 crore (Jun'18 Rs 103.64 crore).