16 Dec 2019 | 1:57 PM

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COMPANYNEWS
Phillips Carbon Q2 net profit down 28.64% at Rs 77.05 cr
  Phillips Carbon Black Ltd. | 16 Dec 2019 | 01:46 PM
Published on 10-30-2019
The company reported standalone net profit of Rs 77.05 crore for the quarter ended September 30 2019 as compared to Rs 107.97 crore in the same period last year registering a year-on-year decline of 28.64 per cent.


Net revenue of the company declined marginally by 1.96 per cent at Rs 862.99 crore in July-September quarter of this fiscal as against Rs 880.26 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 4.15 per cent to Rs 734.27 crore from Rs 705.01 crore in year ago period.


Other Income grew by 54.09 per cent at Rs 4.90 crore versus (Sep`18 Rs 3.18 crore).


Operating Profit slipped by 26.55 per cent to Rs 128.72 crore as against Rs 175.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 25.06 per cent in September quarter.


Interest grew by 23.54 per cent y-o-y to Rs 9.08 crore while Taxation decreased by 43.72 per cent at Rs 25.67 crore (Sep`18 Rs 45.61 crore).