Eveready Industr Q1 net profit down 62.67% at Rs 6.85 cr
15/08/2019 14:40
The company reported standalone net profit of Rs 6.85 crore for the quarter ended June 30, 2019 as compared to Rs 18.35 crore in the same period last year, registering a year-on-year decline of 62.67 per cent.

Net revenue of the company declined moderately by 16.25 per cent at Rs 321.04 crore in April-June quarter of this fiscal as against Rs 383.34 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 14.97 per cent to Rs 296.32 crore from Rs 348.50 crore in year ago period.

Other Income grew by 100.81 per cent at Rs 7.43 crore versus (Jun'18 Rs 3.70 crore).

Operating Profit slipped by 29.08 per cent to Rs 24.71 crore as against Rs 34.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.29 per cent in June quarter.

Interest grew by 63.88 per cent y-o-y to Rs 15.88 crore, while Taxation decreased by 57.63 per cent at Rs 2.22 crore (Jun'18 Rs 5.24 crore).