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Seshasayee Paper Q1 net profit jumps 44.40% at Rs 38.80 cr
  Seshasayee Paper & Boards Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-27-2019
The company reported standalone net profit of Rs 38.80 crore for the quarter ended June 30 2019 as compared to Rs 26.87 crore in the same period last year registering a year-on-year growth of 44.40 per cent.


Net revenue of the company rose marginally by 1.31 per cent at Rs 278.44 crore in April-June quarter of this fiscal as against Rs 274.83 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 4.95 per cent to Rs 216.24 crore from Rs 227.50 crore in year ago period.


Other Income grew by 116.33 per cent at Rs 6.36 crore versus (Jun`18 Rs 2.94 crore).


Operating Profit surged by 31.42 per cent to Rs 62.20 crore as against Rs 47.33 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 29.73 per cent in June quarter.


Interest declined by 24.27 per cent y-o-y to Rs 2.87 crore while Taxation increased by 66.64 per cent at Rs 17.83 crore (Jun`18 Rs 10.70 crore).