21 Oct 2020 | 4:41 PM

News

COMPANYNEWS
Huhtamaki PPL posts Q3 net profit of Rs 31.90 cr
  Huhtamaki PPL Ltd. | 17 Jan 2020 | 10:49 AM
Published on 10-25-2019
The company reported standalone net profit during the quarter stood at Rs 31.90 crore compared to net loss of Rs 15.12 crore in the previous year quarter.


Net revenue of the company rose moderately by 7.33 per cent at Rs 638.81 crore in July-September quarter of this fiscal as against Rs 595.16 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 3.73 per cent to Rs 577.61 crore from Rs 556.84 crore in year ago period.


Other Income dipped by 78.37 per cent at Rs 0.77 crore versus (Sep`18 Rs 3.56 crore).


Operating Profit surged by 34.95 per cent to Rs 68.38 crore as against Rs 50.67 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.73 per cent in September quarter.


Interest declined by 51.11 per cent y-o-y to Rs 8.12 crore while Taxation decreased by 75.89 per cent at Rs 7.27 crore (Sep`18 Rs 30.15 crore).