24 Jul 2019 | 10:59 AM

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Arcuttipore Tea Q3 net profit zooms 257.14% at Rs 0.50 cr
  Arcuttipore Tea Company Ltd. | 20 May 2019 | 11:22 AM
Published on 04-02-2018
The company reported standalone net profit of Rs 0.50 crore for the quarter ended December 31 2017 as compared to Rs 0.14 crore in the same period last year registering a year-on-year growth of 257.14 per cent.


Net revenue of the company rose substantially by 36.60 per cent at Rs 2.09 crore in October-December quarter of this fiscal as against Rs 1.53 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 19.01 per cent to Rs 1.69 crore from Rs 1.42 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.25 crore versus (Dec'16 Rs 0.00 crore).


Operating Profit surged by 29.03 per cent to Rs 0.40 crore as against Rs 0.31 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.26 per cent in December quarter.


Interest declined by 8.33 per cent y-o-y to Rs 0.11 crore