14 Dec 2019 | 10:14 PM

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COMPANYNEWS
Shri Jagdamba Poly Q1 net profit up 18.65% at Rs 6.17 cr
  Shri Jagdamba Polymers Ltd. | 13 Dec 2019 | 04:01 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 6.17 crore for the quarter ended June 30 2019 as compared to Rs 5.20 crore in the same period last year registering a year-on-year growth of 18.65 per cent.


Net revenue of the company rose substantially by 30.65 per cent at Rs 60.27 crore in April-June quarter of this fiscal as against Rs 46.13 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 30.17 per cent to Rs 50.35 crore from Rs 38.68 crore in year ago period.


Other Income dipped by 42.42 per cent at Rs 0.19 crore versus (Jun`18 Rs 0.33 crore).


Operating Profit surged by 33.20 per cent to Rs 9.91 crore as against Rs 7.44 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.92 per cent in June quarter.


Interest grew by 550.00 per cent y-o-y to Rs 0.13 crore while Taxation increased by 68.45 per cent at Rs 2.83 crore (Jun`18 Rs 1.68 crore).