20 Jul 2019 | 8:08 PM

News

COMPANYNEWS
Aimco Pesticides Q3 net profit down 55.62% at Rs 0.79 cr
  Aimco Pesticides Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-08-2018
The company reported standalone net profit of Rs 0.79 crore for the quarter ended December 31 2017 as compared to Rs 1.78 crore in the same period last year registering a year-on-year decline of 55.62 per cent.


Net revenue of the company rose substantially by 39.25 per cent at Rs 33.42 crore in October-December quarter of this fiscal as against Rs 24.00 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 41.84 per cent to Rs 32.00 crore from Rs 22.56 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'16 Rs 0.01 crore).


Operating Profit slipped by 30.20 per cent to Rs 1.41 crore as against Rs 2.02 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 49.82 per cent in December quarter.


Interest grew by 16.67 per cent y-o-y to Rs 0.07 crore while Taxation increased by 1750.00 per cent at Rs 0.37 crore (Dec'16 Rs 0.02 crore).