14 Dec 2019 | 10:17 PM

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COMPANYNEWS
Pondy Oxides & C Q1 net profit down 97.18% at Rs 0.23 cr
  Pondy Oxides & Chemicals Ltd. | 13 Dec 2019 | 04:01 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 0.23 crore for the quarter ended June 30 2019 as compared to Rs 8.15 crore in the same period last year registering a year-on-year decline of 97.18 per cent.


Net revenue of the company rose by 0.55 per cent at Rs 248.87 crore in April-June quarter of this fiscal as against Rs 247.50 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.73 per cent to Rs 245.29 crore from Rs 231.99 crore in year ago period.


Other Income dipped by 95.31 per cent at Rs 0.06 crore versus (Jun`18 Rs 1.28 crore).


Operating Profit slipped by 76.92 per cent to Rs 3.58 crore as against Rs 15.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 77.03 per cent in June quarter.


Interest declined by 25.96 per cent y-o-y to Rs 2.31 crore while Taxation decreased by 103.90 per cent at Rs -0.17 crore (Jun`18 Rs 4.36 crore).