30 May 2020 | 3:09 PM

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The Andhra Sugars Q3 net profit up 9.87% at Rs 43.42 cr
  The Andhra Sugars Ltd. | 17 Jan 2020 | 10:51 AM
Published on 02-04-2019
The company reported standalone net profit of Rs 43.42 crore for the quarter ended December 31 2018 as compared to Rs 39.52 crore in the same period last year registering a year-on-year growth of 9.87 per cent.


Net revenue of the company rose by 5.56 per cent at Rs 249.09 crore in October-December quarter of this fiscal as against Rs 235.97 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 0.19 per cent to Rs 177.40 crore from Rs 177.74 crore in year ago period.


Other Income grew by 99.29 per cent at Rs 16.94 crore versus (Dec`17 Rs 8.50 crore).


Operating Profit surged by 23.10 per cent to Rs 71.68 crore as against Rs 58.23 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 16.61 per cent in December quarter.


Interest grew by 19.95 per cent y-o-y to Rs 8.96 crore while Taxation increased by 235.94 per cent at Rs 23.18 crore (Dec`17 Rs 6.90 crore).