21 Oct 2020 | 4:40 PM

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COMPANYNEWS
Ecoplast L Q1 net profit jumps 59.62% at Rs 0.83 cr
  Ecoplast Ltd. | 17 Jan 2020 | 10:34 AM
Published on 08-08-2019
The company reported standalone net profit of Rs 0.83 crore for the quarter ended June 30 2019 as compared to Rs 0.52 crore in the same period last year registering a year-on-year growth of 59.62 per cent.


Net revenue of the company declined by 0.54 per cent at Rs 23.92 crore in April-June quarter of this fiscal as against Rs 24.05 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 1.36 per cent to Rs 22.47 crore from Rs 22.78 crore in year ago period.


Other Income grew by 143.75 per cent at Rs 0.39 crore versus (Jun`18 Rs 0.16 crore).


Operating Profit surged by 14.17 per cent to Rs 1.45 crore as against Rs 1.27 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.56 per cent in June quarter.


Interest declined by 21.43 per cent y-o-y to Rs 0.22 crore while Taxation increased by 115.38 per cent at Rs 0.28 crore (Jun`18 Rs 0.13 crore).