Frontier Springs Q1 net profit up 25.69% at Rs 2.74 cr
14/08/2019 17:00
The company reported standalone net profit of Rs 2.74 crore for the quarter ended June 30, 2019 as compared to Rs 2.18 crore in the same period last year, registering a year-on-year growth of 25.69 per cent.

Net revenue of the company rose substantially by 31.72 per cent at Rs 24.29 crore in April-June quarter of this fiscal as against Rs 18.44 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 30.94 per cent to Rs 20.10 crore from Rs 15.35 crore in year ago period.

Other Income grew by 84.62 per cent at Rs 0.24 crore versus (Jun'18 Rs 0.13 crore).

Operating Profit surged by 35.60 per cent to Rs 4.19 crore as against Rs 3.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.92 per cent in June quarter.

Interest declined by 17.39 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 184.38 per cent at Rs 0.91 crore (Jun'18 Rs 0.32 crore).