20 Jun 2019 | 3:48 PM

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COMPANYNEWS
Punj. Alkalie posts Q4 net profit of Rs 19.83 cr
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Published on 05-27-2019
The company reported standalone net profit during the quarter stood at Rs 19.83 crore compared to net loss of Rs 1.43 crore in the previous year quarter.


Net revenue of the company declined moderately by 16.25 per cent at Rs 89.87 crore in January-March quarter of this fiscal as against Rs 107.31 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 21.44 per cent to Rs 66.95 crore from Rs 85.22 crore in year ago period.


Other Income dipped by 65.21 per cent at Rs 1.27 crore versus (Mar`18 Rs 3.65 crore).


Operating Profit surged by 3.80 per cent to Rs 22.93 crore as against Rs 22.09 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.90 per cent in March quarter.


Interest declined by 83.20 per cent y-o-y to Rs 2.29 crore while Taxation increased by 0.00 per cent at Rs -0.08 crore (Mar`18 Rs 0.00 crore).