26 May 2020 | 12:11 PM

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COMPANYNEWS
The Andhra Sugars Q4 net profit down 75.58% at Rs 8.42 cr
  The Andhra Sugars Ltd. | 17 Jan 2020 | 10:51 AM
Published on 06-01-2018
The company reported standalone net profit of Rs 8.42 crore for the quarter ended March 31 2018 as compared to Rs 34.48 crore in the same period last year registering a year-on-year decline of 75.58 per cent.


Net revenue of the company rose substantially by 31.45 per cent at Rs 247.71 crore in January-March quarter of this fiscal as against Rs 188.45 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 57.27 per cent to Rs 214.75 crore from Rs 136.55 crore in year ago period.


Other Income dipped by 33.16 per cent at Rs 6.41 crore versus (Mar'17 Rs 9.59 crore).


Operating Profit slipped by 40.28 per cent to Rs 32.96 crore as against Rs 55.19 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 54.54 per cent in March quarter.


Interest grew by 34.41 per cent y-o-y to Rs 6.68 crore while Taxation decreased by 28.96 per cent at Rs 12.14 crore (Mar'17 Rs 17.09 crore).