21 Oct 2020 | 3:24 PM

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COMPANYNEWS
Ecoplast L Q2 net profit zooms 262.07% at Rs 1.05 cr
  Ecoplast Ltd. | 17 Jan 2020 | 10:34 AM
Published on 11-12-2019
The company reported standalone net profit of Rs 1.05 crore for the quarter ended September 30 2019 as compared to Rs 0.29 crore in the same period last year registering a year-on-year growth of 262.07 per cent.


Net revenue of the company declined marginally by 3.85 per cent at Rs 23.49 crore in July-September quarter of this fiscal as against Rs 24.43 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 7.24 per cent to Rs 21.54 crore from Rs 23.22 crore in year ago period.


Other Income grew by 87.50 per cent at Rs 0.30 crore versus (Sep`18 Rs 0.16 crore).


Operating Profit surged by 60.33 per cent to Rs 1.94 crore as against Rs 1.21 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 67.27 per cent in September quarter.


Interest declined by 61.11 per cent y-o-y to Rs 0.21 crore while Taxation increased by 780.00 per cent at Rs 0.44 crore (Sep`18 Rs 0.05 crore).