12 Dec 2019 | 9:35 AM

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COMPANYNEWS
Colinz Laborator Q1 net profit up 25.00% at Rs 0.05 cr
  Colinz Laboratories Ltd. | 11 Dec 2019 | 04:01 PM
Published on 07-31-2019
The company reported standalone net profit of Rs 0.05 crore for the quarter ended June 30 2019 as compared to Rs 0.04 crore in the same period last year registering a year-on-year growth of 25.00 per cent.


Net revenue of the company declined marginally by 3.35 per cent at Rs 2.02 crore in April-June quarter of this fiscal as against Rs 2.09 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 4.02 per cent to Rs 1.91 crore from Rs 1.99 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Jun`18 Rs 0.03 crore).


Operating Profit surged by 22.22 per cent to Rs 0.11 crore as against Rs 0.09 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.34 per cent in June quarter.


Interest grew by 50.00 per cent y-o-y to Rs 0.03 crore while Taxation increased by 0.00 per cent at Rs 0.01 crore (Jun`18 Rs 0.01 crore).