07 Dec 2019 | 5:20 AM

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COMPANYNEWS
Kothari Petroche Q2 net profit up 22.39% at Rs 6.56 cr
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Published on 11-22-2019
The company reported standalone net profit of Rs 6.56 crore for the quarter ended September 30 2019 as compared to Rs 5.36 crore in the same period last year registering a year-on-year growth of 22.39 per cent.


Net revenue of the company declined moderately by 17.37 per cent at Rs 66.85 crore in July-September quarter of this fiscal as against Rs 80.90 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 20.88 per cent to Rs 56.92 crore from Rs 71.94 crore in year ago period.


Other Income dipped by 19.74 per cent at Rs 0.61 crore versus (Sep`18 Rs 0.76 crore).


Operating Profit surged by 10.83 per cent to Rs 9.93 crore as against Rs 8.96 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 34.24 per cent in September quarter.


Interest declined by 31.65 per cent y-o-y to Rs 0.54 crore while Taxation decreased by 17.89 per cent at Rs 2.02 crore (Sep`18 Rs 2.46 crore).