27 May 2019 | 12:21 AM

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COMPANYNEWS
Apcotex Industries L Q4 net profit up 26.70% at Rs 15.28 cr
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Published on 04-25-2019
The company reported standalone net profit of Rs 15.28 crore for the quarter ended March 31 2019 as compared to Rs 12.06 crore in the same period last year registering a year-on-year growth of 26.70 per cent.


Net revenue of the company rose moderately by 8.99 per cent at Rs 151.74 crore in January-March quarter of this fiscal as against Rs 139.22 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 18.35 per cent to Rs 137.79 crore from Rs 116.43 crore in year ago period.


Other Income grew by 281.55 per cent at Rs 3.05 crore versus (Mar`18 Rs -1.68 crore).


Operating Profit slipped by 38.75 per cent to Rs 13.96 crore as against Rs 22.79 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 43.80 per cent in March quarter.


Interest grew by 75.00 per cent y-o-y to Rs 0.35 crore while Taxation decreased by 131.37 per cent at Rs -1.65 crore (Mar`18 Rs 5.26 crore).