10 Dec 2019 | 2:07 PM

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COMPANYNEWS
Plastiblends Ind Q2 net profit jumps 43.54% at Rs 9.33 cr
  Plastiblends India Ltd. | 10 Dec 2019 | 01:46 PM
Published on 11-08-2019
The company reported standalone net profit of Rs 9.33 crore for the quarter ended September 30 2019 as compared to Rs 6.50 crore in the same period last year registering a year-on-year growth of 43.54 per cent.


Net revenue of the company declined marginally by 2.61 per cent at Rs 146.38 crore in July-September quarter of this fiscal as against Rs 150.31 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 2.99 per cent to Rs 131.58 crore from Rs 135.63 crore in year ago period.


Other Income grew by 114.74 per cent at Rs 0.23 crore versus (Sep`18 Rs -1.56 crore).


Operating Profit surged by 0.75 per cent to Rs 14.79 crore as against Rs 14.68 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.48 per cent in September quarter.


Interest declined by 172.41 per cent y-o-y to Rs -1.47 crore while Taxation increased by 143.27 per cent at Rs 4.16 crore (Sep`18 Rs 1.71 crore).