24 Oct 2020 | 3:49 AM


Garware Poly. Q1 net profit up 28.15% at Rs 27.09 cr
  Garware Polyester Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-09-2019
The company reported standalone net profit of Rs 27.09 crore for the quarter ended June 30 2019 as compared to Rs 21.14 crore in the same period last year registering a year-on-year growth of 28.15 per cent.

Net revenue of the company rose moderately by 8.90 per cent at Rs 251.46 crore in April-June quarter of this fiscal as against Rs 230.90 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 5.78 per cent to Rs 202.83 crore from Rs 191.74 crore in year ago period.

Other Income grew by 168.75 per cent at Rs 2.58 crore versus (Jun`18 Rs 0.96 crore).

Operating Profit surged by 24.18 per cent to Rs 48.63 crore as against Rs 39.16 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.03 per cent in June quarter.

Interest grew by 2.36 per cent y-o-y to Rs 4.77 crore while Taxation increased by 33.73 per cent at Rs 14.63 crore (Jun`18 Rs 10.94 crore).