21 Jul 2019 | 11:29 PM

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COMPANYNEWS
Asso. Alcohols Q3 net profit down 14.87% at Rs 8.13 cr
  Associated Alcohols & Breweries Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-11-2019
The company reported standalone net profit of Rs 8.13 crore for the quarter ended December 31 2018 as compared to Rs 9.55 crore in the same period last year registering a year-on-year decline of 14.87 per cent.


Net revenue of the company rose moderately by 19.00 per cent at Rs 115.11 crore in October-December quarter of this fiscal as against Rs 96.73 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 26.02 per cent to Rs 99.29 crore from Rs 78.79 crore in year ago period.


Other Income grew by 57.69 per cent at Rs 0.41 crore versus (Dec`17 Rs 0.26 crore).


Operating Profit slipped by 11.82 per cent to Rs 15.82 crore as against Rs 17.94 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 25.89 per cent in December quarter.


Interest declined by 14.75 per cent y-o-y to Rs 0.52 crore while Taxation decreased by 14.51 per cent at Rs 4.36 crore (Dec`17 Rs 5.10 crore).