03 Apr 2020 | 4:55 AM

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COMPANYNEWS
Ester India Q2 net profit zooms 164.06% at Rs 19.25 cr
  Ester Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 19.25 crore for the quarter ended September 30 2019 as compared to Rs 7.29 crore in the same period last year registering a year-on-year growth of 164.06 per cent.


Net revenue of the company declined moderately by 7.96 per cent at Rs 254.41 crore in July-September quarter of this fiscal as against Rs 276.41 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 16.26 per cent to Rs 209.94 crore from Rs 250.69 crore in year ago period.


Other Income grew by 34.44 per cent at Rs 2.03 crore versus (Sep`18 Rs 1.51 crore).


Operating Profit surged by 72.79 per cent to Rs 44.46 crore as against Rs 25.73 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 87.76 per cent in September quarter.


Interest declined by 22.32 per cent y-o-y to Rs 7.03 crore while Taxation increased by 310.83 per cent at Rs 11.38 crore (Sep`18 Rs 2.77 crore).