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News Details

Aarti Surfactants Q3 net profit zooms 505.06% at Rs 4.78 cr

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29/01/2021 13:40
The company reported standalone net profit of Rs 4.78 crore for the quarter ended December 31, 2020 as compared to Rs 0.79 crore in the same period last year, registering a year-on-year growth of 505.06 per cent.

Net revenue of the company rose substantially by 29.74 per cent at Rs 106.66 crore in October-December quarter of this fiscal as against Rs 82.21 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 24.98 per cent to Rs 95.07 crore from Rs 76.07 crore in year ago period.

Other Income dipped by 50.00 per cent at Rs 0.01 crore versus (Dec'19 Rs 0.02 crore).

Operating Profit surged by 88.76 per cent to Rs 11.59 crore as against Rs 6.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 45.52 per cent in December quarter.

Interest declined by 2.80 per cent y-o-y to Rs 2.78 crore, while Taxation increased by 500.00 per cent at Rs 0.88 crore (Dec'19 Rs -0.22 crore).