23 Feb 2020 | 5:22 AM

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COMPANYNEWS
Lawreshwar Polymers Q1 net profit up 17.31% at Rs 0.61 cr
  Lehar Footwears Ltd. | 17 Jan 2020 | 10:47 AM
Published on 08-07-2019
The company reported standalone net profit of Rs 0.61 crore for the quarter ended June 30 2019 as compared to Rs 0.52 crore in the same period last year registering a year-on-year growth of 17.31 per cent.


Net revenue of the company rose moderately by 13.26 per cent at Rs 23.83 crore in April-June quarter of this fiscal as against Rs 21.04 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 13.98 per cent to Rs 21.12 crore from Rs 18.53 crore in year ago period.


Other Income dipped by 56.25 per cent at Rs 0.07 crore versus (Jun`18 Rs 0.16 crore).


Operating Profit surged by 7.97 per cent to Rs 2.71 crore as against Rs 2.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.69 per cent in June quarter.


Interest declined by 9.92 per cent y-o-y to Rs 1.09 crore while Taxation increased by 10.00 per cent at Rs 0.22 crore (Jun`18 Rs 0.20 crore).