14 Dec 2019 | 5:58 AM

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COMPANYNEWS
Pondy Oxides & C Q2 net profit down 69.47% at Rs 3.78 cr
  Pondy Oxides & Chemicals Ltd. | 13 Dec 2019 | 04:01 PM
Published on 10-29-2019
The company reported standalone net profit of Rs 3.78 crore for the quarter ended September 30 2019 as compared to Rs 12.38 crore in the same period last year registering a year-on-year decline of 69.47 per cent.


Net revenue of the company rose moderately by 10.11 per cent at Rs 332.32 crore in July-September quarter of this fiscal as against Rs 301.82 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 16.18 per cent to Rs 325.73 crore from Rs 280.36 crore in year ago period.


Other Income dipped by 43.01 per cent at Rs 1.10 crore versus (Sep`18 Rs 1.93 crore).


Operating Profit slipped by 69.28 per cent to Rs 6.59 crore as against Rs 21.45 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.15 per cent in September quarter.


Interest declined by 50.49 per cent y-o-y to Rs 1.53 crore while Taxation decreased by 83.21 per cent at Rs 1.11 crore (Sep`18 Rs 6.61 crore).