23 Jul 2019 | 3:31 PM

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COMPANYNEWS
Asso. Alcohols Q4 net profit up 1.53% at Rs 4.64 cr
  Associated Alcohols & Breweries Ltd. | 23 Jul 2019 | 02:49 PM
Published on 05-28-2018
The company reported standalone net profit of Rs 4.64 crore for the quarter ended March 31 2018 as compared to Rs 4.57 crore in the same period last year registering a year-on-year growth of 1.53 per cent.


Net revenue of the company rose moderately by 15.91 per cent at Rs 77.80 crore in January-March quarter of this fiscal as against Rs 67.12 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 20.58 per cent to Rs 66.92 crore from Rs 55.50 crore in year ago period.


Other Income grew by 221.74 per cent at Rs 0.56 crore versus (Mar'17 Rs -0.46 crore).


Operating Profit slipped by 6.28 per cent to Rs 10.89 crore as against Rs 11.62 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.18 per cent in March quarter.


Interest grew by 49.37 per cent y-o-y to Rs 1.18 crore while Taxation decreased by 9.09 per cent at Rs 2.80 crore (Mar'17 Rs 3.08 crore).