21 Jul 2019 | 11:26 PM

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COMPANYNEWS
Aimco Pesticides Q2 net profit down 12.86% at Rs 2.10 cr
  Aimco Pesticides Ltd. | 19 Jul 2019 | 04:01 PM
Published on 12-15-2017
The company reported standalone net profit of Rs 2.10 crore for the quarter ended September 30 2017 as compared to Rs 2.41 crore in the same period last year registering a year-on-year decline of 12.86 per cent.


Net revenue of the company rose moderately by 8.56 per cent at Rs 25.24 crore in July-September quarter of this fiscal as against Rs 23.25 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 23.61 per cent to Rs 26.28 crore from Rs 21.26 crore in year ago period.


Other Income grew by 10650.00 per cent at Rs 4.30 crore versus (Sep'16 Rs 0.04 crore).


Operating Profit slipped by 138.82 per cent to Rs -0.99 crore as against Rs 2.55 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 135.80 per cent in September quarter.


Interest grew by 150.00 per cent y-o-y to Rs 0.10 crore while Taxation increased by 0.00 per cent at Rs 0.92 crore (Sep'16 Rs 0.00 crore).