28 May 2020 | 6:48 AM


Fairchem Speciality Q1 net profit up 12.50% at Rs 5.13 cr
  Fairchem Speciality Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-08-2019
The company reported standalone net profit of Rs 5.13 crore for the quarter ended June 30 2019 as compared to Rs 4.56 crore in the same period last year registering a year-on-year growth of 12.50 per cent.

Net revenue of the company rose moderately by 13.26 per cent at Rs 71.22 crore in April-June quarter of this fiscal as against Rs 62.88 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 12.68 per cent to Rs 60.94 crore from Rs 54.08 crore in year ago period.

Other Income dipped by 69.44 per cent at Rs 0.11 crore versus (Jun`18 Rs 0.36 crore).

Operating Profit surged by 16.82 per cent to Rs 10.28 crore as against Rs 8.80 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.07 per cent in June quarter.

Interest declined by 1.39 per cent y-o-y to Rs 1.42 crore while Taxation increased by 23.40 per cent at Rs 2.32 crore (Jun`18 Rs 1.88 crore).