22 Aug 2019 | 11:17 PM

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COMPANYNEWS
Adhunik Industries Q1 net profit down 1.52% at Rs 2.59 cr
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Published on 08-13-2019
The company reported standalone net profit of Rs 2.59 crore for the quarter ended June 30 2019 as compared to Rs 2.63 crore in the same period last year registering a year-on-year decline of 1.52 per cent.


Net revenue of the company declined marginally by 4.44 per cent at Rs 158.95 crore in April-June quarter of this fiscal as against Rs 166.34 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 3.38 per cent to Rs 153.05 crore from Rs 158.41 crore in year ago period.


Other Income dipped by 96.15 per cent at Rs 0.01 crore versus (Jun`18 Rs 0.26 crore).


Operating Profit slipped by 25.60 per cent to Rs 5.90 crore as against Rs 7.93 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 22.22 per cent in June quarter.


Interest declined by 66.48 per cent y-o-y to Rs 1.20 crore while Taxation increased by 12.15 per cent at Rs 1.20 crore (Jun`18 Rs 1.07 crore).