28 Oct 2020 | 6:16 AM

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Ashapura Min. Lt posts Q1 net profit of Rs 1.15 cr
  Ashapura Minechem Ltd. | 17 Jan 2020 | 10:48 AM
Published on 08-15-2019
The company reported standalone net profit during the quarter stood at Rs 1.15 crore compared to net loss of Rs 27.15 crore in the previous year quarter.


Net revenue of the company declined substantially by 37.09 per cent at Rs 79.26 crore in April-June quarter of this fiscal as against Rs 125.99 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 49.35 per cent to Rs 73.15 crore from Rs 144.43 crore in year ago period.


Other Income grew by 47.69 per cent at Rs 1.92 crore versus (Jun`18 Rs 1.30 crore).


Operating Profit surged by 133.19 per cent to Rs 6.12 crore as against Rs -18.44 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 152.73 per cent in June quarter.


Interest declined by 62.17 per cent y-o-y to Rs 1.57 crore