23 Jul 2019 | 3:32 PM

News

COMPANYNEWS
Advanced Enzyme Tech Q3 net profit down 36.30% at Rs 6.37 cr
  Advanced Enzyme Technologies Ltd. | 23 Jul 2019 | 02:49 PM
Published on 02-09-2019
The company reported standalone net profit of Rs 6.37 crore for the quarter ended December 31 2018 as compared to Rs 10.00 crore in the same period last year registering a year-on-year decline of 36.30 per cent.


Net revenue of the company declined moderately by 7.75 per cent at Rs 53.55 crore in October-December quarter of this fiscal as against Rs 58.05 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 1.93 per cent to Rs 43.72 crore from Rs 44.58 crore in year ago period.


Other Income dipped by 94.55 per cent at Rs 0.09 crore versus (Dec`17 Rs 1.65 crore).


Operating Profit slipped by 26.95 per cent to Rs 9.84 crore as against Rs 13.47 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.82 per cent in December quarter.


Interest declined by 221.43 per cent y-o-y to Rs -0.85 crore while Taxation decreased by 6.25 per cent at Rs 2.25 crore (Dec`17 Rs 2.40 crore).