21 Oct 2020 | 4:41 PM

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COMPANYNEWS
20 Microns Q1 net profit up 23.61% at Rs 8.01 cr
  20 Microns Ltd. | 16 Jan 2020 | 03:42 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 8.01 crore for the quarter ended June 30 2019 as compared to Rs 6.48 crore in the same period last year registering a year-on-year growth of 23.61 per cent.


Net revenue of the company rose moderately by 18.53 per cent at Rs 127.81 crore in April-June quarter of this fiscal as against Rs 107.83 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 19.21 per cent to Rs 109.41 crore from Rs 91.78 crore in year ago period.


Other Income dipped by 57.89 per cent at Rs 0.48 crore versus (Jun`18 Rs 1.14 crore).


Operating Profit surged by 14.71 per cent to Rs 18.40 crore as against Rs 16.04 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.23 per cent in June quarter.


Interest declined by 6.00 per cent y-o-y to Rs 4.86 crore while Taxation increased by 10.53 per cent at Rs 3.57 crore (Jun`18 Rs 3.23 crore).