06 Jul 2020 | 2:25 PM

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COMPANYNEWS
Coromandel Agro Q1 net profit down 6.06% at Rs 0.31 cr
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Published on 08-14-2019
The company reported standalone net profit of Rs 0.31 crore for the quarter ended June 30 2019 as compared to Rs 0.33 crore in the same period last year registering a year-on-year decline of 6.06 per cent.


Net revenue of the company declined moderately by 10.44 per cent at Rs 15.02 crore in April-June quarter of this fiscal as against Rs 16.77 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 10.92 per cent to Rs 14.11 crore from Rs 15.84 crore in year ago period.


Operating Profit slipped by 3.23 per cent to Rs 0.90 crore as against Rs 0.93 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.29 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.39 crore