24 Jul 2019 | 4:16 AM

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Aimco Pesticides Q4 net profit down 84.24% at Rs 0.99 cr
  Aimco Pesticides Ltd. | 23 Jul 2019 | 04:01 PM
Published on 05-26-2018
The company reported standalone net profit of Rs 0.99 crore for the quarter ended March 31 2018 as compared to Rs 6.28 crore in the same period last year registering a year-on-year decline of 84.24 per cent.


Net revenue of the company declined substantially by 20.59 per cent at Rs 24.11 crore in January-March quarter of this fiscal as against Rs 30.36 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 11.64 per cent to Rs 22.70 crore from Rs 25.69 crore in year ago period.


Other Income dipped by 39.89 per cent at Rs 1.10 crore versus (Mar'17 Rs 1.83 crore).


Operating Profit slipped by 71.80 per cent to Rs 1.41 crore as against Rs 5.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 64.44 per cent in March quarter.


Interest grew by 75.00 per cent y-o-y to Rs 0.07 crore while Taxation increased by 215.15 per cent at Rs 1.04 crore (Mar'17 Rs 0.33 crore).