04 Jul 2020 | 5:24 PM

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COMPANYNEWS
Apar Industries Q1 net profit jumps 54.21% at Rs 42.13 cr
  Apar Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-08-2019
The company reported standalone net profit of Rs 42.13 crore for the quarter ended June 30 2019 as compared to Rs 27.32 crore in the same period last year registering a year-on-year growth of 54.21 per cent.


Net revenue of the company rose substantially by 31.88 per cent at Rs 1852.40 crore in April-June quarter of this fiscal as against Rs 1404.63 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 33.31 per cent to Rs 1734.10 crore from Rs 1300.84 crore in year ago period.


Other Income dipped by 7.40 per cent at Rs 4.13 crore versus (Jun`18 Rs 4.46 crore).


Operating Profit surged by 28.56 per cent to Rs 133.43 crore as against Rs 103.79 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2.57 per cent in June quarter.


Interest grew by 4.38 per cent y-o-y to Rs 54.80 crore while Taxation increased by 53.92 per cent at Rs 23.15 crore (Jun`18 Rs 15.04 crore).