30 May 2020 | 2:09 PM

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Fairchem Speciality Q2 net profit jumps 69.48% at Rs 12.05 cr
  Fairchem Speciality Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 12.05 crore for the quarter ended September 30 2019 as compared to Rs 7.11 crore in the same period last year registering a year-on-year growth of 69.48 per cent.


Net revenue of the company rose substantially by 22.46 per cent at Rs 65.70 crore in July-September quarter of this fiscal as against Rs 53.65 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 22.31 per cent to Rs 56.69 crore from Rs 46.35 crore in year ago period.


Other Income grew by 58.23 per cent at Rs 6.25 crore versus (Sep`18 Rs 3.95 crore).


Operating Profit surged by 23.42 per cent to Rs 9.01 crore as against Rs 7.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.88 per cent in September quarter.


Interest declined by 6.99 per cent y-o-y to Rs 1.33 crore while Taxation decreased by 76.43 per cent at Rs 0.33 crore (Sep`18 Rs 1.40 crore).