01 Oct 2020 | 7:03 AM

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Indian Hume Pipe Q1 net profit up 23.25% at Rs 20.94 cr
  Indian Hume Pipe Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-13-2019
The company reported standalone net profit of Rs 20.94 crore for the quarter ended June 30 2019 as compared to Rs 16.99 crore in the same period last year registering a year-on-year growth of 23.25 per cent.


Net revenue of the company rose substantially by 39.13 per cent at Rs 463.19 crore in April-June quarter of this fiscal as against Rs 332.93 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 39.94 per cent to Rs 411.90 crore from Rs 294.35 crore in year ago period.


Other Income grew by 39.34 per cent at Rs 0.85 crore versus (Jun`18 Rs 0.61 crore).


Operating Profit surged by 32.97 per cent to Rs 51.30 crore as against Rs 38.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.49 per cent in June quarter.


Interest grew by 52.20 per cent y-o-y to Rs 15.89 crore while Taxation increased by 23.44 per cent at Rs 11.48 crore (Jun`18 Rs 9.30 crore).