20 Jun 2019 | 3:48 PM

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COMPANYNEWS
Bodal Chemicals Q4 net profit down 25.30% at Rs 29.64 cr
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Published on 05-21-2019
The company reported standalone net profit of Rs 29.64 crore for the quarter ended March 31 2019 as compared to Rs 39.68 crore in the same period last year registering a year-on-year decline of 25.30 per cent.


Net revenue of the company rose moderately by 13.52 per cent at Rs 320.64 crore in January-March quarter of this fiscal as against Rs 282.44 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 17.63 per cent to Rs 277.27 crore from Rs 235.71 crore in year ago period.


Other Income grew by 166.89 per cent at Rs 8.14 crore versus (Mar`18 Rs 3.05 crore).


Operating Profit slipped by 7.21 per cent to Rs 43.36 crore as against Rs 46.73 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.26 per cent in March quarter.


Interest grew by 77.78 per cent y-o-y to Rs 1.92 crore while Taxation decreased by 11.59 per cent at Rs 15.11 crore (Mar`18 Rs 17.09 crore).