20 Jul 2019 | 7:22 AM


Asso. Alcohols Q4 net profit up 23.28% at Rs 5.72 cr
  Associated Alcohols & Breweries Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-28-2019
The company reported standalone net profit of Rs 5.72 crore for the quarter ended March 31 2019 as compared to Rs 4.64 crore in the same period last year registering a year-on-year growth of 23.28 per cent.

Net revenue of the company rose substantially by 49.27 per cent at Rs 116.13 crore in January-March quarter of this fiscal as against Rs 77.80 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 57.62 per cent to Rs 105.48 crore from Rs 66.92 crore in year ago period.

Other Income grew by 425.00 per cent at Rs 2.94 crore versus (Mar`18 Rs 0.56 crore).

Operating Profit slipped by 2.20 per cent to Rs 10.65 crore as against Rs 10.89 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 34.45 per cent in March quarter.

Interest declined by 26.27 per cent y-o-y to Rs 0.87 crore while Taxation increased by 35.71 per cent at Rs 3.80 crore (Mar`18 Rs 2.80 crore).