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News Details

Indian Acrylics Q4 net profit down 26.65% at Rs 3.44 cr

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08/07/2020 15:30
The company reported standalone net profit of Rs 3.44 crore for the quarter ended March 31, 2020 as compared to Rs 4.69 crore in the same period last year, registering a year-on-year decline of 26.65 per cent.

Net revenue of the company declined substantially by 32.34 per cent at Rs 167.40 crore in January-March quarter of this fiscal as against Rs 247.42 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 38.08 per cent to Rs 146.07 crore from Rs 235.89 crore in year ago period.

Other Income grew by 9.68 per cent at Rs 2.04 crore versus (Mar'19 Rs 1.86 crore).

Operating Profit surged by 85.00 per cent to Rs 21.33 crore as against Rs 11.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 173.39 per cent in March quarter.

Interest grew by 342.68 per cent y-o-y to Rs 14.21 crore, while Taxation decreased by 29.58 per cent at Rs 0.50 crore (Mar'19 Rs 0.71 crore).