17 Aug 2019 | 11:40 PM

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COMPANYNEWS
Hipolin posts Q1 net profit of Rs 0.08 cr
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Published on 08-13-2019
The company reported standalone net profit during the quarter stood at Rs 0.08 crore compared to net loss of Rs 0.21 crore in the previous year quarter.


Net revenue of the company declined marginally by 4.09 per cent at Rs 4.22 crore in April-June quarter of this fiscal as against Rs 4.40 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 9.65 per cent to Rs 4.12 crore from Rs 4.56 crore in year ago period.


Other Income grew by 66.67 per cent at Rs 0.05 crore versus (Jun`18 Rs 0.03 crore).


Operating Profit surged by 158.82 per cent to Rs 0.10 crore as against Rs -0.17 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 165.60 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore