07 Dec 2019 | 10:10 AM

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Phillips Carbon Q1 net profit down 33.71% at Rs 64.66 cr
  Phillips Carbon Black Ltd. | 06 Dec 2019 | 03:41 PM
Published on 07-19-2019
The company reported standalone net profit of Rs 64.66 crore for the quarter ended June 30 2019 as compared to Rs 97.54 crore in the same period last year registering a year-on-year decline of 33.71 per cent.


Net revenue of the company rose moderately by 16.65 per cent at Rs 911.52 crore in April-June quarter of this fiscal as against Rs 781.42 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 27.80 per cent to Rs 798.04 crore from Rs 624.43 crore in year ago period.


Other Income grew by 81.19 per cent at Rs 5.78 crore versus (Jun`18 Rs 3.19 crore).


Operating Profit slipped by 27.72 per cent to Rs 113.48 crore as against Rs 156.99 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 38.03 per cent in June quarter.


Interest grew by 67.33 per cent y-o-y to Rs 12.70 crore while Taxation decreased by 47.70 per cent at Rs 20.70 crore (Jun`18 Rs 39.58 crore).