07 Dec 2019 | 10:09 AM


Paramount Cosmet Q1 net profit zooms 3000.00% at Rs 0.31 cr
  Paramount Cosmetics (I) Ltd. | 04 Dec 2019 | 03:33 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.31 crore for the quarter ended June 30 2019 as compared to Rs 0.01 crore in the same period last year registering a year-on-year growth of 3000.00 per cent.

Net revenue of the company rose substantially by 96.86 per cent at Rs 9.41 crore in April-June quarter of this fiscal as against Rs 4.78 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 125.46 per cent to Rs 8.50 crore from Rs 3.77 crore in year ago period.

Operating Profit slipped by 9.00 per cent to Rs 0.91 crore as against Rs 1.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 53.88 per cent in June quarter.

Interest declined by 6.25 per cent y-o-y to Rs 0.60 crore while Taxation decreased by 3100.00 per cent at Rs -0.30 crore (Jun`18 Rs 0.01 crore).