18 Feb 2019 | 2:30 AM

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COMPANYNEWS
Polymechplast Ma Q3 net profit down 30.30% at Rs 0.23 cr
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Published on 02-12-2019
The company reported standalone net profit of Rs 0.23 crore for the quarter ended December 31 2018 as compared to Rs 0.33 crore in the same period last year registering a year-on-year decline of 30.30 per cent.


Net revenue of the company declined by 5.74 per cent at Rs 10.18 crore in October-December quarter of this fiscal as against Rs 10.80 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 3.48 per cent to Rs 9.70 crore from Rs 10.05 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.09 crore versus (Dec`17 Rs 0.09 crore).


Operating Profit slipped by 36.00 per cent to Rs 0.48 crore as against Rs 0.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 32.23 per cent in December quarter.


Interest grew by 27.27 per cent y-o-y to Rs 0.14 crore while Taxation decreased by 67.74 per cent at Rs 0.10 crore (Dec`17 Rs 0.31 crore).