21 Jul 2019 | 11:25 PM

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Advanced Enzyme Tech Q4 net profit down 40.58% at Rs 9.15 cr
  Advanced Enzyme Technologies Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-24-2019
The company reported standalone net profit of Rs 9.15 crore for the quarter ended March 31 2019 as compared to Rs 15.40 crore in the same period last year registering a year-on-year decline of 40.58 per cent.


Net revenue of the company declined moderately by 6.22 per cent at Rs 55.93 crore in January-March quarter of this fiscal as against Rs 59.64 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 5.73 per cent to Rs 42.63 crore from Rs 40.32 crore in year ago period.


Other Income grew by 77.23 per cent at Rs 1.79 crore versus (Mar`18 Rs 1.01 crore).


Operating Profit slipped by 31.16 per cent to Rs 13.30 crore as against Rs 19.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 26.55 per cent in March quarter.


Interest declined by 66.67 per cent y-o-y to Rs 0.31 crore while Taxation increased by 68.97 per cent at Rs 3.43 crore (Mar`18 Rs 2.03 crore).