23 Oct 2020 | 3:06 AM

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Time Technoplast Ltd Q1 net profit up 0.45% at Rs 24.55 cr
  Time Technoplast Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 24.55 crore for the quarter ended June 30 2019 as compared to Rs 24.44 crore in the same period last year registering a year-on-year growth of 0.45 per cent.


Net revenue of the company rose moderately by 10.73 per cent at Rs 498.51 crore in April-June quarter of this fiscal as against Rs 450.22 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 12.12 per cent to Rs 423.97 crore from Rs 378.15 crore in year ago period.


Operating Profit surged by 3.43 per cent to Rs 74.54 crore as against Rs 72.07 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.62 per cent in June quarter.


Interest grew by 12.36 per cent y-o-y to Rs 16.00 crore while Taxation increased by 2.01 per cent at Rs 10.17 crore (Jun`18 Rs 9.97 crore).