21 Oct 2020 | 4:16 PM

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COMPANYNEWS
Pacific Industri Q1 net profit down 22.95% at Rs 0.47 cr
  Pacific Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 0.47 crore for the quarter ended June 30 2019 as compared to Rs 0.61 crore in the same period last year registering a year-on-year decline of 22.95 per cent.


Net revenue of the company rose substantially by 31.77 per cent at Rs 28.41 crore in April-June quarter of this fiscal as against Rs 21.56 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 30.91 per cent to Rs 26.26 crore from Rs 20.06 crore in year ago period.


Other Income dipped by 43.43 per cent at Rs 0.56 crore versus (Jun`18 Rs 0.99 crore).


Operating Profit surged by 43.33 per cent to Rs 2.15 crore as against Rs 1.50 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.62 per cent in June quarter.


Interest declined by 13.68 per cent y-o-y to Rs 0.82 crore while Taxation decreased by 14.29 per cent at Rs 0.12 crore (Jun`18 Rs 0.14 crore).