11 Dec 2019 | 11:03 PM

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COMPANYNEWS
Paramount Cosmet Q3 net profit down 80.00% at Rs 0.01 cr
  Paramount Cosmetics (I) Ltd. | 10 Dec 2019 | 04:01 PM
Published on 02-15-2019
The company reported standalone net profit of Rs 0.01 crore for the quarter ended December 31 2018 as compared to Rs 0.05 crore in the same period last year registering a year-on-year decline of 80.00 per cent.


Net revenue of the company rose moderately by 8.32 per cent at Rs 5.34 crore in October-December quarter of this fiscal as against Rs 4.93 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 14.51 per cent to Rs 4.34 crore from Rs 3.79 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Dec`17 Rs 0.00 crore).


Operating Profit slipped by 12.28 per cent to Rs 1.00 crore as against Rs 1.14 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.20 per cent in December quarter.


Interest grew by 4.76 per cent y-o-y to Rs 0.66 crore while Taxation decreased by 150.00 per cent at Rs -0.01 crore (Dec`17 Rs 0.02 crore).