23 Jul 2019 | 3:25 PM

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Advanced Enzyme Tech Q4 net profit up 23.10% at Rs 15.40 cr
  Advanced Enzyme Technologies Ltd. | 23 Jul 2019 | 02:49 PM
Published on 05-19-2018
The company reported standalone net profit of Rs 15.40 crore for the quarter ended March 31 2018 as compared to Rs 12.51 crore in the same period last year registering a year-on-year growth of 23.10 per cent.


Net revenue of the company rose moderately by 11.21 per cent at Rs 59.64 crore in January-March quarter of this fiscal as against Rs 53.63 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 2.75 per cent to Rs 40.32 crore from Rs 39.24 crore in year ago period.


Other Income dipped by 58.26 per cent at Rs 1.01 crore versus (Mar'17 Rs 2.42 crore).


Operating Profit surged by 34.26 per cent to Rs 19.32 crore as against Rs 14.39 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 20.72 per cent in March quarter.


Interest grew by 69.09 per cent y-o-y to Rs 0.93 crore while Taxation increased by 2.53 per cent at Rs 2.03 crore (Mar'17 Rs 1.98 crore).