Ishan Dyes & Che Q1 net profit down 48.19% at Rs 1.29 cr
13/08/2019 14:10
The company reported standalone net profit of Rs 1.29 crore for the quarter ended June 30, 2019 as compared to Rs 2.49 crore in the same period last year, registering a year-on-year decline of 48.19 per cent.

Net revenue of the company declined moderately by 7.32 per cent at Rs 18.35 crore in April-June quarter of this fiscal as against Rs 19.80 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 0.18 per cent to Rs 16.29 crore from Rs 16.26 crore in year ago period.

Other Income dipped by 4.88 per cent at Rs 0.39 crore versus (Jun'18 Rs 0.41 crore).

Operating Profit slipped by 42.09 per cent to Rs 2.05 crore as against Rs 3.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.29 per cent in June quarter.

Interest grew by 11.11 per cent y-o-y to Rs 0.30 crore, while Taxation decreased by 48.28 per cent at Rs 0.45 crore (Jun'18 Rs 0.87 crore).