30 May 2020 | 2:44 PM

News

COMPANYNEWS
Bhagiradha Chemi Q1 net profit zooms 229.49% at Rs 7.71 cr
  Bhagiradha Chemicals & Industries Ltd. | 17 Jan 2020 | 10:21 AM
Published on 08-09-2019
The company reported standalone net profit of Rs 7.71 crore for the quarter ended June 30 2019 as compared to Rs 2.34 crore in the same period last year registering a year-on-year growth of 229.49 per cent.


Net revenue of the company rose substantially by 67.94 per cent at Rs 122.90 crore in April-June quarter of this fiscal as against Rs 73.18 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 69.62 per cent to Rs 109.34 crore from Rs 64.46 crore in year ago period.


Other Income dipped by 9.09 per cent at Rs 0.10 crore versus (Jun`18 Rs 0.11 crore).


Operating Profit surged by 55.62 per cent to Rs 13.57 crore as against Rs 8.72 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.38 per cent in June quarter.


Interest declined by 41.43 per cent y-o-y to Rs 1.47 crore while Taxation increased by 6.27 per cent at Rs 3.05 crore (Jun`18 Rs 2.87 crore).