20 Jul 2019 | 7:17 AM

News

COMPANYNEWS
Alchemist posts Q4 net profit of Rs 1.30 cr
  Alchemist Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-21-2018
The company reported standalone net profit during the quarter stood at Rs 1.30 crore compared to net loss of Rs 30.72 crore in the previous year quarter.


Net revenue of the company rose substantially by 66.67 per cent at Rs 6.65 crore in January-March quarter of this fiscal as against Rs 3.99 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 78.57 per cent to Rs 3.35 crore from Rs 15.63 crore in year ago period.


Other Income grew by 104.74 per cent at Rs 0.62 crore versus (Mar'17 Rs -13.08 crore).


Operating Profit surged by 128.40 per cent to Rs 3.30 crore as against Rs -11.62 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 117.02 per cent in March quarter.


Interest declined by 36.51 per cent y-o-y to Rs 0.40 crore while Taxation increased by 134.26 per cent at Rs 0.37 crore (Mar'17 Rs -1.08 crore).