18 Feb 2019 | 2:25 AM

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COMPANYNEWS
Virgo Polymers ( Q3 net profit jumps 43.75% 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 0.16 crore in the same period last year registering a year-on-year growth of 43.75 per cent.


Net revenue of the company declined marginally by 4.88 per cent at Rs 29.83 crore in October-December quarter of this fiscal as against Rs 31.36 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 2.24 per cent to Rs 31.02 crore from Rs 31.73 crore in year ago period.


Other Income grew by 66.93 per cent at Rs 2.12 crore versus (Dec`17 Rs 1.27 crore).


Operating Profit surged by 221.62 per cent to Rs -1.19 crore as against Rs -0.37 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 238.98 per cent in December quarter.


Interest grew by 2.27 per cent y-o-y to Rs 0.45 crore while Taxation decreased by 66.67 per cent at Rs 0.02 crore (Dec`17 Rs 0.06 crore).