26 May 2020 | 12:09 PM

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COMPANYNEWS
National Peroxid Q2 net profit down 90.22% at Rs 5.48 cr
  National Peroxide Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 5.48 crore for the quarter ended September 30 2019 as compared to Rs 56.03 crore in the same period last year registering a year-on-year decline of 90.22 per cent.


Net revenue of the company declined substantially by 58.07 per cent at Rs 54.25 crore in July-September quarter of this fiscal as against Rs 129.39 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 7.06 per cent to Rs 48.84 crore from Rs 45.62 crore in year ago period.


Other Income grew by 22.00 per cent at Rs 5.99 crore versus (Sep`18 Rs 4.91 crore).


Operating Profit slipped by 93.54 per cent to Rs 5.41 crore as against Rs 83.77 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 84.60 per cent in September quarter.


Taxation decreased by 88.99 per cent at Rs 3.34 crore (Sep`18 Rs 30.34 crore).