30 May 2020 | 1:24 PM


The Andhra Sugars Q2 net profit up 23.17% at Rs 36.36 cr
  The Andhra Sugars Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-19-2018
The company reported standalone net profit of Rs 36.36 crore for the quarter ended September 30 2018 as compared to Rs 29.52 crore in the same period last year registering a year-on-year growth of 23.17 per cent.

Net revenue of the company declined moderately by 8.39 per cent at Rs 226.76 crore in July-September quarter of this fiscal as against Rs 247.53 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 14.71 per cent to Rs 160.26 crore from Rs 187.89 crore in year ago period.

Other Income grew by 16.12 per cent at Rs 7.06 crore versus (Sep`17 Rs 6.08 crore).

Operating Profit surged by 11.50 per cent to Rs 66.50 crore as against Rs 59.64 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 21.75 per cent in September quarter.

Interest declined by 23.61 per cent y-o-y to Rs 5.89 crore while Taxation increased by 15.75 per cent at Rs 19.26 crore (Sep`17 Rs 16.64 crore).