30 May 2020 | 1:22 PM

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Mangalam Organics Q2 net profit down 12.44% at Rs 16.26 cr
  Mangalam Organics Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-30-2019
The company reported standalone net profit of Rs 16.26 crore for the quarter ended September 30 2019 as compared to Rs 18.57 crore in the same period last year registering a year-on-year decline of 12.44 per cent.


Net revenue of the company rose moderately by 10.90 per cent at Rs 120.98 crore in July-September quarter of this fiscal as against Rs 109.09 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 5.55 per cent to Rs 93.95 crore from Rs 89.01 crore in year ago period.


Other Income dipped by 15.75 per cent at Rs 1.07 crore versus (Sep`18 Rs 1.27 crore).


Operating Profit surged by 34.61 per cent to Rs 27.03 crore as against Rs 20.08 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 21.40 per cent in September quarter.


Interest grew by 105.95 per cent y-o-y to Rs 1.73 crore while Taxation increased by 60.20 per cent at Rs 8.01 crore (Sep`18 Rs 5.00 crore).