25 Jun 2019 | 10:21 PM

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COMPANYNEWS
Sudarshan Chem. Q4 net profit down 45.84% at Rs 12.18 cr
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Published on 05-24-2019
The company reported standalone net profit of Rs 12.18 crore for the quarter ended March 31 2019 as compared to Rs 22.49 crore in the same period last year registering a year-on-year decline of 45.84 per cent.


Net revenue of the company rose marginally by 1.70 per cent at Rs 383.71 crore in January-March quarter of this fiscal as against Rs 377.29 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 0.22 per cent to Rs 328.94 crore from Rs 328.23 crore in year ago period.


Other Income grew by 162.31 per cent at Rs 2.48 crore versus (Mar`18 Rs -3.98 crore).


Operating Profit surged by 6.45 per cent to Rs 59.59 crore as against Rs 55.98 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.65 per cent in March quarter.


Interest declined by 26.28 per cent y-o-y to Rs 4.18 crore while Taxation increased by 98.92 per cent at Rs 16.63 crore (Mar`18 Rs 8.36 crore).