25 Sep 2020 | 3:21 AM


InterStateOilCar Q1 net profit zooms 103.57% at Rs 0.57 cr
  Inter State Oil Carrier Ltd. | 15 Jan 2020 | 04:01 PM
Published on 09-16-2019
The company reported standalone net profit of Rs 0.57 crore for the quarter ended June 30 2019 as compared to Rs 0.28 crore in the same period last year registering a year-on-year growth of 103.57 per cent.

Net revenue of the company rose moderately by 19.12 per cent at Rs 9.16 crore in April-June quarter of this fiscal as against Rs 7.69 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 12.92 per cent to Rs 7.78 crore from Rs 6.89 crore in year ago period.

Other Income dipped by 80.00 per cent at Rs 0.03 crore versus (Jun`18 Rs 0.15 crore).

Operating Profit surged by 72.50 per cent to Rs 1.38 crore as against Rs 0.80 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 45.89 per cent in June quarter.

Interest grew by 10.00 per cent y-o-y to Rs 0.22 crore while Taxation increased by 0.00 per cent at Rs 0.14 crore (Jun`18 Rs 0.00 crore).