23 Oct 2020 | 1:48 AM

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COMPANYNEWS
Union Quality Pl posts Q1 net profit of Rs 0.80 cr
  Union Quality Plastics Ltd. | 17 Jan 2020 | 10:35 AM
Published on 08-10-2019
The company reported standalone net profit during the quarter stood at Rs 0.80 crore compared to net loss of Rs 0.56 crore in the previous year quarter.


Net revenue of the company rose triple digit by 124.19 per cent at Rs 12.42 crore in April-June quarter of this fiscal as against Rs 5.54 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 72.47 per cent to Rs 11.40 crore from Rs 6.61 crore in year ago period.


Operating Profit surged by 196.23 per cent to Rs 1.02 crore as against Rs -1.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 142.92 per cent in June quarter.


Interest grew by 66.67 per cent y-o-y to Rs 0.05 crore while Taxation increased by 266.67 per cent at Rs 0.11 crore (Jun`18 Rs 0.03 crore).