26 May 2020 | 1:16 PM

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COMPANYNEWS
Indo Borax Q1 net profit down 9.69% at Rs 5.22 cr
  Indo Borax & Chemicals Ltd. | 16 Jan 2020 | 03:54 PM
Published on 08-14-2019
The company reported standalone net profit of Rs 5.22 crore for the quarter ended June 30 2019 as compared to Rs 5.78 crore in the same period last year registering a year-on-year decline of 9.69 per cent.


Net revenue of the company rose marginally by 1.15 per cent at Rs 34.29 crore in April-June quarter of this fiscal as against Rs 33.90 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.56 per cent to Rs 27.92 crore from Rs 26.45 crore in year ago period.


Other Income grew by 39.29 per cent at Rs 1.17 crore versus (Jun`18 Rs 0.84 crore).


Operating Profit slipped by 14.36 per cent to Rs 6.38 crore as against Rs 7.45 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.38 per cent in June quarter.


Taxation decreased by 8.22 per cent at Rs 2.01 crore (Jun`18 Rs 2.19 crore).