14 Jul 2020 | 8:54 PM

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COMPANYNEWS
Archidply Industries Q1 net profit down 67.94% at Rs 0.42 cr
  Archidply Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 0.42 crore for the quarter ended June 30 2019 as compared to Rs 1.31 crore in the same period last year registering a year-on-year decline of 67.94 per cent.


Net revenue of the company declined marginally by 3.54 per cent at Rs 75.81 crore in April-June quarter of this fiscal as against Rs 78.59 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 2.30 per cent to Rs 71.80 crore from Rs 73.49 crore in year ago period.


Other Income grew by 18.42 per cent at Rs 0.45 crore versus (Jun`18 Rs 0.38 crore).


Operating Profit slipped by 21.37 per cent to Rs 4.01 crore as against Rs 5.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.49 per cent in June quarter.


Interest grew by 7.88 per cent y-o-y to Rs 2.60 crore while Taxation decreased by 140.00 per cent at Rs -0.08 crore (Jun`18 Rs 0.20 crore).