13 Dec 2019 | 9:02 AM

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Medicamen Biotec Q1 net profit up 1.86% at Rs 3.28 cr
  Medicamen Biotech Ltd. | 12 Dec 2019 | 03:45 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 3.28 crore for the quarter ended June 30 2019 as compared to Rs 3.22 crore in the same period last year registering a year-on-year growth of 1.86 per cent.


Net revenue of the company declined marginally by 4.98 per cent at Rs 31.13 crore in April-June quarter of this fiscal as against Rs 32.76 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 8.51 per cent to Rs 26.12 crore from Rs 28.55 crore in year ago period.


Other Income dipped by 96.55 per cent at Rs 0.04 crore versus (Jun`18 Rs 1.16 crore).


Operating Profit surged by 19.00 per cent to Rs 5.01 crore as against Rs 4.21 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.29 per cent in June quarter.


Interest declined by 55.56 per cent y-o-y to Rs 0.16 crore while Taxation decreased by 21.21 per cent at Rs 1.04 crore (Jun`18 Rs 1.32 crore).