16 Jul 2020 | 11:04 PM

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COMPANYNEWS
Ion Exchange (India) Q2 net profit zooms 124.73% at Rs 27.08 cr
  Ion Exchange (India) Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-25-2019
The company reported standalone net profit of Rs 27.08 crore for the quarter ended September 30 2019 as compared to Rs 12.05 crore in the same period last year registering a year-on-year growth of 124.73 per cent.


Net revenue of the company rose substantially by 73.48 per cent at Rs 396.95 crore in July-September quarter of this fiscal as against Rs 228.82 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 69.63 per cent to Rs 367.34 crore from Rs 216.55 crore in year ago period.


Other Income dipped by 17.34 per cent at Rs 12.25 crore versus (Sep`18 Rs 14.82 crore).


Operating Profit surged by 141.32 per cent to Rs 29.61 crore as against Rs 12.27 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 39.18 per cent in September quarter.


Interest declined by 16.71 per cent y-o-y to Rs 3.24 crore while Taxation decreased by 6.02 per cent at Rs 6.24 crore (Sep`18 Rs 6.64 crore).