06 Dec 2019 | 2:24 PM

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COMPANYNEWS
Asahi India Glass Q2 net profit down 28.02% at Rs 30.70 cr
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Published on 11-12-2019
The company reported standalone net profit of Rs 30.70 crore for the quarter ended September 30 2019 as compared to Rs 42.65 crore in the same period last year registering a year-on-year decline of 28.02 per cent.


Net revenue of the company declined moderately by 15.34 per cent at Rs 635.53 crore in July-September quarter of this fiscal as against Rs 750.72 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 16.99 per cent to Rs 521.98 crore from Rs 628.81 crore in year ago period.


Other Income grew by 60.07 per cent at Rs 4.61 crore versus (Sep`18 Rs 2.88 crore).


Operating Profit slipped by 10.20 per cent to Rs 112.28 crore as against Rs 125.03 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 6.13 per cent in September quarter.


Interest grew by 10.38 per cent y-o-y to Rs 37.31 crore while Taxation decreased by 26.81 per cent at Rs 16.52 crore (Sep`18 Rs 22.57 crore).