26 May 2020 | 12:45 PM

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COMPANYNEWS
The Andhra Sugars Q3 net profit up 2.20% at Rs 39.52 cr
  The Andhra Sugars Ltd. | 17 Jan 2020 | 10:51 AM
Published on 02-05-2018
The company reported standalone net profit of Rs 39.52 crore for the quarter ended December 31 2017 as compared to Rs 38.67 crore in the same period last year registering a year-on-year growth of 2.20 per cent.


Net revenue of the company declined marginally by 3.56 per cent at Rs 235.97 crore in October-December quarter of this fiscal as against Rs 244.69 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 3.56 per cent to Rs 177.74 crore from Rs 184.30 crore in year ago period.


Other Income grew by 75.26 per cent at Rs 8.50 crore versus (Dec'16 Rs 4.85 crore).


Operating Profit slipped by 9.61 per cent to Rs 58.23 crore as against Rs 64.42 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.27 per cent in December quarter.


Interest grew by 20.48 per cent y-o-y to Rs 7.47 crore while Taxation decreased by 42.74 per cent at Rs 6.90 crore (Dec'16 Rs 12.05 crore).