19 Jan 2020 | 5:09 AM

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Essel Propack Q1 net profit down 21.38% at Rs 14.67 cr
  Essel Propack Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-13-2019
The company reported standalone net profit of Rs 14.67 crore for the quarter ended June 30 2019 as compared to Rs 18.66 crore in the same period last year registering a year-on-year decline of 21.38 per cent.


Net revenue of the company declined moderately by 7.28 per cent at Rs 196.99 crore in April-June quarter of this fiscal as against Rs 212.45 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 4.04 per cent to Rs 158.99 crore from Rs 165.68 crore in year ago period.


Other Income grew by 73.98 per cent at Rs 2.14 crore versus (Jun`18 Rs 1.23 crore).


Operating Profit slipped by 23.56 per cent to Rs 38.00 crore as against Rs 49.71 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.56 per cent in June quarter.


Interest grew by 4.92 per cent y-o-y to Rs 5.12 crore while Taxation decreased by 30.19 per cent at Rs 6.89 crore (Jun`18 Rs 9.87 crore).