04 Jul 2020 | 7:57 AM

News

COMPANYNEWS
Ion Exchange (India) Q4 net profit up 30.14% at Rs 30.83 cr
  Ion Exchange (India) Ltd. | 17 Jan 2020 | 10:51 AM
Published on 05-30-2019
The company reported standalone net profit of Rs 30.83 crore for the quarter ended March 31 2019 as compared to Rs 23.69 crore in the same period last year registering a year-on-year growth of 30.14 per cent.


Net revenue of the company rose substantially by 28.19 per cent at Rs 418.12 crore in January-March quarter of this fiscal as against Rs 326.18 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 25.59 per cent to Rs 367.70 crore from Rs 292.77 crore in year ago period.


Other Income dipped by 48.22 per cent at Rs 4.81 crore versus (Mar`18 Rs 9.29 crore).


Operating Profit surged by 50.91 per cent to Rs 50.42 crore as against Rs 33.41 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 17.77 per cent in March quarter.


Interest declined by 14.57 per cent y-o-y to Rs 4.22 crore while Taxation increased by 33.45 per cent at Rs 15.44 crore (Mar`18 Rs 11.57 crore).