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Vijay Solvex Ltd Q1 net profit up 39.15% at Rs 2.95 cr
  Vijay Solvex Ltd. | 20 Dec 2019 | 04:01 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 2.95 crore for the quarter ended June 30 2019 as compared to Rs 2.12 crore in the same period last year registering a year-on-year growth of 39.15 per cent.


Net revenue of the company rose substantially by 29.25 per cent at Rs 353.64 crore in April-June quarter of this fiscal as against Rs 273.60 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 30.05 per cent to Rs 346.24 crore from Rs 266.23 crore in year ago period.


Other Income dipped by 83.33 per cent at Rs 0.01 crore versus (Jun`18 Rs 0.06 crore).


Operating Profit surged by 0.41 per cent to Rs 7.40 crore as against Rs 7.37 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 22.30 per cent in June quarter.


Interest declined by 35.96 per cent y-o-y to Rs 2.44 crore while Taxation increased by 42.98 per cent at Rs 1.63 crore (Jun`18 Rs 1.14 crore).