20 Jun 2019 | 1:19 AM


Bhansali Engg. Polymers Q3 net profit zooms 849.67%
  Bhansali Engineering Polymers Ltd. | 19 Jun 2019 | 03:53 PM
Published on 01-16-2018
The company reported standalone net profit of Rs 29.06 crore for the quarter ended December 31 2017 as compared to Rs 3.06 crore in the same period last year registering a year-on-year growth of 849.67 per cent.

Net revenue of the company rose triple digit by 109.78 per cent at Rs 257.93 crore in October-December quarter of this fiscal as against Rs 122.95 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 88.53 per cent to Rs 214.62 crore from Rs 113.84 crore in year ago period.

Other Income grew by 1163.64 per cent at Rs 5.56 crore versus (Dec'16 Rs 0.44 crore).

Operating Profit surged by 375.41 per cent to Rs 43.31 crore as against Rs 9.11 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 126.59 per cent in December quarter.

Interest declined by 1.75 per cent y-o-y to Rs 2.25 crore while Taxation increased by 464.08 per cent at Rs 16.02 crore (Dec'16 Rs 2.84 crore).