Amines & Plast. Q1 net profit jumps 68.66% at Rs 6.19 cr
14/08/2019 12:30
The company reported standalone net profit of Rs 6.19 crore for the quarter ended June 30, 2019 as compared to Rs 3.67 crore in the same period last year, registering a year-on-year growth of 68.66 per cent.

Net revenue of the company rose moderately by 8.73 per cent at Rs 107.50 crore in April-June quarter of this fiscal as against Rs 98.87 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 6.50 per cent to Rs 97.93 crore from Rs 91.95 crore in year ago period.

Other Income dipped by 27.83 per cent at Rs 0.83 crore versus (Jun'18 Rs 1.15 crore).

Operating Profit surged by 38.35 per cent to Rs 9.56 crore as against Rs 6.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.32 per cent in June quarter.

Interest grew by 41.99 per cent y-o-y to Rs 2.57 crore, while Taxation decreased by 52.13 per cent at Rs 0.90 crore (Jun'18 Rs 1.88 crore).