23 Feb 2020 | 5:34 AM

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Alkyl Amines Che Q2 net profit zooms 103.97% at Rs 53.89 cr
  Alkyl Amines Chemicals Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-06-2019
The company reported standalone net profit of Rs 53.89 crore for the quarter ended September 30 2019 as compared to Rs 26.42 crore in the same period last year registering a year-on-year growth of 103.97 per cent.


Net revenue of the company rose moderately by 7.72 per cent at Rs 234.97 crore in July-September quarter of this fiscal as against Rs 218.14 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 4.96 per cent to Rs 177.26 crore from Rs 168.89 crore in year ago period.


Other Income grew by 9.88 per cent at Rs 0.89 crore versus (Sep`18 Rs 0.81 crore).


Operating Profit surged by 17.18 per cent to Rs 57.71 crore as against Rs 49.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.77 per cent in September quarter.


Interest declined by 33.25 per cent y-o-y to Rs 2.59 crore while Taxation decreased by 131.07 per cent at Rs -4.39 crore (Sep`18 Rs 14.13 crore).