21 May 2019 | 9:16 AM

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COMPANYNEWS
Star Paper Mills Q3 net profit down 28.94% at Rs 8.57 cr
  Star Paper Mills Ltd. | 20 May 2019 | 11:50 AM
Published on 02-09-2019
The company reported standalone net profit of Rs 8.57 crore for the quarter ended December 31 2018 as compared to Rs 12.06 crore in the same period last year registering a year-on-year decline of 28.94 per cent.


Net revenue of the company rose moderately by 13.67 per cent at Rs 98.97 crore in October-December quarter of this fiscal as against Rs 87.07 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 23.29 per cent to Rs 86.83 crore from Rs 70.43 crore in year ago period.


Other Income grew by 220.63 per cent at Rs 2.02 crore versus (Dec`17 Rs 0.63 crore).


Operating Profit slipped by 27.04 per cent to Rs 12.14 crore as against Rs 16.64 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 35.79 per cent in December quarter.


Interest declined by 46.43 per cent y-o-y to Rs 0.15 crore while Taxation increased by 12.41 per cent at Rs 4.44 crore (Dec`17 Rs 3.95 crore).