04 Jul 2020 | 11:12 AM

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COMPANYNEWS
Apar Industries Q2 net profit up 37.03% at Rs 36.71 cr
  Apar Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-07-2019
The company reported standalone net profit of Rs 36.71 crore for the quarter ended September 30 2019 as compared to Rs 26.79 crore in the same period last year registering a year-on-year growth of 37.03 per cent.


Net revenue of the company declined marginally by 4.33 per cent at Rs 1717.07 crore in July-September quarter of this fiscal as against Rs 1794.76 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.36 per cent to Rs 1627.43 crore from Rs 1701.60 crore in year ago period.


Other Income dipped by 44.48 per cent at Rs 1.76 crore versus (Sep`18 Rs 3.17 crore).


Operating Profit surged by 3.58 per cent to Rs 107.61 crore as against Rs 103.89 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.29 per cent in September quarter.


Interest grew by 27.53 per cent y-o-y to Rs 64.86 crore while Taxation decreased by 177.45 per cent at Rs -11.44 crore (Sep`18 Rs 14.77 crore).