20 Jul 2019 | 7:18 AM

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Polyplex Corpn. Q4 net profit zooms 715.67% at Rs 31.24 cr
  Polyplex Corporation Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-20-2019
The company reported standalone net profit of Rs 31.24 crore for the quarter ended March 31 2019 as compared to Rs 3.83 crore in the same period last year registering a year-on-year growth of 715.67 per cent.


Net revenue of the company rose moderately by 13.78 per cent at Rs 337.02 crore in January-March quarter of this fiscal as against Rs 296.20 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 7.64 per cent to Rs 300.20 crore from Rs 278.89 crore in year ago period.


Other Income grew by 26.11 per cent at Rs 11.98 crore versus (Mar`18 Rs 9.50 crore).


Operating Profit surged by 112.71 per cent to Rs 36.82 crore as against Rs 17.31 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 87.16 per cent in March quarter.


Interest declined by 86.22 per cent y-o-y to Rs 1.40 crore while Taxation decreased by 23.39 per cent at Rs 2.98 crore (Mar`18 Rs 3.89 crore).