20 Jun 2019 | 1:15 AM


Bhansali Engg.Po Q4 net profit jumps 89.91% at Rs 28.60 cr
  Bhansali Engineering Polymers Ltd. | 19 Jun 2019 | 03:53 PM
Published on 04-17-2018
The company reported standalone net profit of Rs 28.60 crore for the quarter ended March 31 2018 as compared to Rs 15.06 crore in the same period last year registering a year-on-year growth of 89.91 per cent.

Net revenue of the company rose substantially by 56.59 per cent at Rs 301.79 crore in January-March quarter of this fiscal as against Rs 192.73 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 50.95 per cent to Rs 258.01 crore from Rs 170.92 crore in year ago period.

Other Income dipped by 17.68 per cent at Rs 5.26 crore versus (Mar'17 Rs 6.39 crore).

Operating Profit surged by 99.68 per cent to Rs 43.77 crore as against Rs 21.92 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 27.42 per cent in March quarter.

Interest declined by 27.20 per cent y-o-y to Rs 1.90 crore while Taxation increased by 84.45 per cent at Rs 17.08 crore (Mar'17 Rs 9.26 crore).