16 Jul 2019 | 8:30 AM

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Bhansali Engg.Po Q4 net profit down 89.86% at Rs 2.90 cr
  Bhansali Engineering Polymers Ltd. | 15 Jul 2019 | 03:41 PM
Published on 04-29-2019
The company reported standalone net profit of Rs 2.90 crore for the quarter ended March 31 2019 as compared to Rs 28.60 crore in the same period last year registering a year-on-year decline of 89.86 per cent.


Net revenue of the company rose moderately by 15.88 per cent at Rs 349.71 crore in January-March quarter of this fiscal as against Rs 301.79 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 32.82 per cent to Rs 342.69 crore from Rs 258.01 crore in year ago period.


Other Income grew by 7.60 per cent at Rs 5.66 crore versus (Mar`18 Rs 5.26 crore).


Operating Profit slipped by 83.98 per cent to Rs 7.01 crore as against Rs 43.77 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 86.14 per cent in March quarter.


Interest declined by 94.21 per cent y-o-y to Rs 0.11 crore while Taxation decreased by 55.15 per cent at Rs 7.66 crore (Mar`18 Rs 17.08 crore).