13 Dec 2019 | 1:14 AM

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COMPANYNEWS
Bharat Parentera Q1 net profit down 0.38% at Rs 5.28 cr
  Bharat Parenterals Ltd. | 10 Dec 2019 | 04:01 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 5.28 crore for the quarter ended June 30 2019 as compared to Rs 5.30 crore in the same period last year registering a year-on-year decline of 0.38 per cent.


Net revenue of the company rose substantially by 30.57 per cent at Rs 49.37 crore in April-June quarter of this fiscal as against Rs 37.81 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 38.29 per cent to Rs 43.23 crore from Rs 31.26 crore in year ago period.


Other Income grew by 64.32 per cent at Rs 3.27 crore versus (Jun`18 Rs 1.99 crore).


Operating Profit slipped by 6.26 per cent to Rs 6.14 crore as against Rs 6.55 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 28.22 per cent in June quarter.


Interest declined by 5.88 per cent y-o-y to Rs 0.16 crore while Taxation increased by 47.56 per cent at Rs 2.42 crore (Jun`18 Rs 1.64 crore).