17 Aug 2019 | 11:39 PM

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COMPANYNEWS
Ganesh Benzoplas Q1 net profit down 22.14% at Rs 6.40 cr
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Published on 08-13-2019
The company reported standalone net profit of Rs 6.40 crore for the quarter ended June 30 2019 as compared to Rs 8.22 crore in the same period last year registering a year-on-year decline of 22.14 per cent.


Net revenue of the company rose substantially by 47.72 per cent at Rs 68.63 crore in April-June quarter of this fiscal as against Rs 46.46 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 69.09 per cent to Rs 54.97 crore from Rs 32.51 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.01 crore versus (Jun`18 Rs 0.04 crore).


Operating Profit slipped by 2.01 per cent to Rs 13.67 crore as against Rs 13.95 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 33.68 per cent in June quarter.


Interest declined by 17.05 per cent y-o-y to Rs 2.19 crore while Taxation increased by 0.00 per cent at Rs 1.76 crore (Jun`18 Rs 0.00 crore).