24 Jul 2019 | 4:15 AM

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COMPANYNEWS
Asso. Alcohols Q3 net profit jumps 94.50% at Rs 9.55 cr
  Associated Alcohols & Breweries Ltd. | 23 Jul 2019 | 04:01 PM
Published on 02-12-2018
The company reported standalone net profit of Rs 9.55 crore for the quarter ended December 31 2017 as compared to Rs 4.91 crore in the same period last year registering a year-on-year growth of 94.50 per cent.


Net revenue of the company rose moderately by 13.57 per cent at Rs 96.73 crore in October-December quarter of this fiscal as against Rs 85.17 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 4.03 per cent to Rs 78.79 crore from Rs 75.74 crore in year ago period.


Other Income dipped by 86.87 per cent at Rs 0.26 crore versus (Dec'16 Rs 1.98 crore).


Operating Profit surged by 89.44 per cent to Rs 17.94 crore as against Rs 9.47 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 66.73 per cent in December quarter.


Interest declined by 34.41 per cent y-o-y to Rs 0.61 crore while Taxation increased by 80.21 per cent at Rs 5.10 crore (Dec'16 Rs 2.83 crore).