20 Sep 2020 | 9:57 PM

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COMPANYNEWS
Plastiblends Ind Q3 net profit zooms 101.41% at Rs 11.40 cr
  Plastiblends India Ltd. | 17 Jan 2020 | 10:50 AM
Published on 01-16-2020
The company reported standalone net profit of Rs 11.40 crore for the quarter ended December 31 2019 as compared to Rs 5.66 crore in the same period last year registering a year-on-year growth of 101.41 per cent.


Net revenue of the company declined marginally by 4.43 per cent at Rs 144.72 crore in October-December quarter of this fiscal as against Rs 151.43 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 10.95 per cent to Rs 123.57 crore from Rs 138.77 crore in year ago period.


Other Income dipped by 83.85 per cent at Rs 0.26 crore versus (Dec`18 Rs 1.61 crore).


Operating Profit surged by 67.19 per cent to Rs 21.15 crore as against Rs 12.65 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 74.88 per cent in December quarter.


Interest declined by 84.29 per cent y-o-y to Rs 0.33 crore while Taxation decreased by 25.78 per cent at Rs 2.62 crore (Dec`18 Rs 3.53 crore).