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I G Petrochemicals Q4 net profit down 45.48% at Rs 18.21 cr
  I G Petrochemicals Ltd. | 17 Jan 2020 | 10:51 AM
Published on 05-23-2019
The company reported standalone net profit of Rs 18.21 crore for the quarter ended March 31 2019 as compared to Rs 33.40 crore in the same period last year registering a year-on-year decline of 45.48 per cent.


Net revenue of the company rose by 0.10 per cent at Rs 313.08 crore in January-March quarter of this fiscal as against Rs 312.78 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 10.98 per cent to Rs 276.42 crore from Rs 249.08 crore in year ago period.


Other Income grew by 64.39 per cent at Rs 2.17 crore versus (Mar`18 Rs 1.32 crore).


Operating Profit slipped by 42.45 per cent to Rs 36.66 crore as against Rs 63.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 42.51 per cent in March quarter.


Interest declined by 11.55 per cent y-o-y to Rs 2.45 crore while Taxation decreased by 48.98 per cent at Rs 11.25 crore (Mar`18 Rs 22.05 crore).