26 Jun 2019 | 6:35 PM

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Bhansali Engg.Po Q3 net profit down 65.69% at Rs 9.97 cr
  Bhansali Engineering Polymers Ltd. | 26 Jun 2019 | 04:01 PM
Published on 01-28-2019
The company reported standalone net profit of Rs 9.97 crore for the quarter ended December 31 2018 as compared to Rs 29.06 crore in the same period last year registering a year-on-year decline of 65.69 per cent.


Net revenue of the company rose substantially by 25.38 per cent at Rs 323.40 crore in October-December quarter of this fiscal as against Rs 257.93 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 42.79 per cent to Rs 306.45 crore from Rs 214.62 crore in year ago period.


Other Income dipped by 89.03 per cent at Rs 0.61 crore versus (Dec`17 Rs 5.56 crore).


Operating Profit slipped by 60.86 per cent to Rs 16.95 crore as against Rs 43.31 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 68.79 per cent in December quarter.


Interest declined by 70.22 per cent y-o-y to Rs 0.67 crore while Taxation decreased by 68.35 per cent at Rs 5.07 crore (Dec`17 Rs 16.02 crore).