30 May 2020 | 3:23 PM

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COMPANYNEWS
Bhagiradha Chemi Q2 net profit down 55.47% at Rs 2.40 cr
  Bhagiradha Chemicals & Industries Ltd. | 17 Jan 2020 | 10:21 AM
Published on 11-05-2019
The company reported standalone net profit of Rs 2.40 crore for the quarter ended September 30 2019 as compared to Rs 5.39 crore in the same period last year registering a year-on-year decline of 55.47 per cent.


Net revenue of the company declined substantially by 39.61 per cent at Rs 66.51 crore in July-September quarter of this fiscal as against Rs 110.14 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 37.25 per cent to Rs 60.89 crore from Rs 97.03 crore in year ago period.


Other Income grew by 592.31 per cent at Rs 0.90 crore versus (Sep`18 Rs 0.13 crore).


Operating Profit slipped by 57.13 per cent to Rs 5.62 crore as against Rs 13.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 28.99 per cent in September quarter.


Interest declined by 58.99 per cent y-o-y to Rs 1.14 crore while Taxation decreased by 67.94 per cent at Rs 1.26 crore (Sep`18 Rs 3.93 crore).