19 Jan 2021 | 4:08 AM

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Sudarshan Chem. Q1 net profit down 53.76% at Rs 44.01 cr
  Sudarshan Chemical Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-07-2019
The company reported standalone net profit of Rs 44.01 crore for the quarter ended June 30 2019 as compared to Rs 95.17 crore in the same period last year registering a year-on-year decline of 53.76 per cent.


Net revenue of the company rose moderately by 11.72 per cent at Rs 376.82 crore in April-June quarter of this fiscal as against Rs 337.29 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 11.58 per cent to Rs 320.96 crore from Rs 287.65 crore in year ago period.


Other Income dipped by 5.57 per cent at Rs 3.90 crore versus (Jun`18 Rs 4.13 crore).


Operating Profit surged by 12.97 per cent to Rs 62.03 crore as against Rs 54.91 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.11 per cent in June quarter.


Interest declined by 23.42 per cent y-o-y to Rs 2.91 crore while Taxation decreased by 43.39 per cent at Rs 18.93 crore (Jun`18 Rs 33.44 crore).