18 Feb 2019 | 2:37 AM

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COMPANYNEWS
Oriental Aromatics Q3 net profit zooms 229.79% at Rs 17.05 cr
  Oriental Aromatics Ltd. | 15 Feb 2019 | 02:46 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 17.05 crore for the quarter ended December 31 2018 as compared to Rs 5.17 crore in the same period last year registering a year-on-year growth of 229.79 per cent.


Net revenue of the company rose triple digit by 121.18 per cent at Rs 205.08 crore in October-December quarter of this fiscal as against Rs 92.72 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 124.77 per cent to Rs 181.01 crore from Rs 80.53 crore in year ago period.


Other Income grew by 300.00 per cent at Rs 0.08 crore versus (Dec`17 Rs 0.02 crore).


Operating Profit surged by 97.54 per cent to Rs 24.06 crore as against Rs 12.18 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.73 per cent in December quarter.


Interest declined by 4.35 per cent y-o-y to Rs 1.32 crore while Taxation decreased by 42.00 per cent at Rs 1.45 crore (Dec`17 Rs 2.50 crore).