23 Jan 2020 | 7:51 PM

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COMPANYNEWS
The Phosphate Co. Q2 net profit zooms 129.41% at Rs 0.39 cr
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Published on 12-11-2019
The company reported standalone net profit of Rs 0.39 crore for the quarter ended September 30 2019 as compared to Rs 0.17 crore in the same period last year registering a year-on-year growth of 129.41 per cent.


Net revenue of the company rose marginally by 4.95 per cent at Rs 19.70 crore in July-September quarter of this fiscal as against Rs 18.77 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 5.28 per cent to Rs 17.54 crore from Rs 16.66 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.03 crore).


Operating Profit surged by 2.37 per cent to Rs 2.16 crore as against Rs 2.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2.14 per cent in September quarter.


Interest grew by 0.81 per cent y-o-y to Rs 1.24 crore while Taxation increased by 27.27 per cent at Rs 0.28 crore (Sep`18 Rs 0.22 crore).