01 Oct 2020 | 8:04 AM

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Neuland Laborat Q1 net profit zooms 1268.29% at Rs 5.61 cr
  Neuland Laboratories Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-13-2019
The company reported standalone net profit of Rs 5.61 crore for the quarter ended June 30 2019 as compared to Rs 0.41 crore in the same period last year registering a year-on-year growth of 1268.29 per cent.


Net revenue of the company rose moderately by 17.57 per cent at Rs 181.01 crore in April-June quarter of this fiscal as against Rs 153.96 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 12.04 per cent to Rs 162.44 crore from Rs 144.98 crore in year ago period.


Other Income dipped by 53.15 per cent at Rs 0.52 crore versus (Jun`18 Rs 1.11 crore).


Operating Profit surged by 106.79 per cent to Rs 18.57 crore as against Rs 8.98 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 75.99 per cent in June quarter.


Interest grew by 3.87 per cent y-o-y to Rs 4.03 crore while Taxation increased by 1250.00 per cent at Rs 1.89 crore (Jun`18 Rs 0.14 crore).