25 Jun 2019 | 10:25 PM

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COMPANYNEWS
Neogen Chemicals Q4 net profit up 26.63% at Rs 8.75 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 8.75 crore for the quarter ended March 31 2019 as compared to Rs 6.91 crore in the same period last year registering a year-on-year growth of 26.63 per cent.


Net revenue of the company rose substantially by 35.47 per cent at Rs 79.83 crore in January-March quarter of this fiscal as against Rs 58.93 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 34.31 per cent to Rs 63.54 crore from Rs 47.31 crore in year ago period.


Other Income dipped by 83.33 per cent at Rs 0.05 crore versus (Mar`18 Rs 0.30 crore).


Operating Profit surged by 40.07 per cent to Rs 16.29 crore as against Rs 11.63 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.40 per cent in March quarter.


Interest grew by 25.19 per cent y-o-y to Rs 3.38 crore while Taxation increased by 87.10 per cent at Rs 3.48 crore (Mar`18 Rs 1.86 crore).