Meghmani Organics Q1 net profit down 66.70% at Rs 28.33 cr
09/08/2019 14:30
The company reported standalone net profit of Rs 28.33 crore for the quarter ended June 30, 2019 as compared to Rs 85.07 crore in the same period last year, registering a year-on-year decline of 66.70 per cent.

Net revenue of the company rose substantially by 45.78 per cent at Rs 451.32 crore in April-June quarter of this fiscal as against Rs 309.60 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 51.01 per cent to Rs 392.52 crore from Rs 259.93 crore in year ago period.

Other Income dipped by 75.17 per cent at Rs 3.33 crore versus (Jun'18 Rs 13.41 crore).

Operating Profit surged by 18.41 per cent to Rs 58.80 crore as against Rs 49.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.77 per cent in June quarter.

Interest declined by 41.30 per cent y-o-y to Rs 6.95 crore, while Taxation increased by 10.03 per cent at Rs 15.36 crore (Jun'18 Rs 13.96 crore).