30 May 2020 | 3:20 PM

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COMPANYNEWS
Raghuvir Synth. Q1 net profit up 16.67% at Rs 0.49 cr
  Raghuvir Synthetics Ltd. | 14 Jan 2020 | 03:41 PM
Published on 08-12-2019
The company reported standalone net profit of Rs 0.49 crore for the quarter ended June 30 2019 as compared to Rs 0.42 crore in the same period last year registering a year-on-year growth of 16.67 per cent.


Net revenue of the company rose substantially by 94.80 per cent at Rs 20.59 crore in April-June quarter of this fiscal as against Rs 10.57 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 100.74 per cent to Rs 18.99 crore from Rs 9.46 crore in year ago period.


Other Income dipped by 43.90 per cent at Rs 0.23 crore versus (Jun`18 Rs 0.41 crore).


Operating Profit surged by 44.55 per cent to Rs 1.59 crore as against Rs 1.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 25.77 per cent in June quarter.


Interest declined by 50.00 per cent y-o-y to Rs 0.17 crore while Taxation increased by 288.89 per cent at Rs 0.34 crore (Jun`18 Rs -0.18 crore).