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News Details

Aimco Pesticides Q3 net profit down 4.20% at Rs 1.14 cr

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17/02/2021 17:10
The company reported standalone net profit of Rs 1.14 crore for the quarter ended December 31, 2020 as compared to Rs 1.19 crore in the same period last year, registering a year-on-year decline of 4.20 per cent.

Net revenue of the company declined substantially by 22.31 per cent at Rs 37.30 crore in October-December quarter of this fiscal as against Rs 48.01 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 23.18 per cent to Rs 35.55 crore from Rs 46.28 crore in year ago period.

Other Income dipped by 10.89 per cent at Rs 0.90 crore versus (Dec'19 Rs 1.01 crore).

Operating Profit surged by 1.16 per cent to Rs 1.75 crore as against Rs 1.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.00 per cent in December quarter.

Interest grew by 50.00 per cent y-o-y to Rs 0.51 crore, while Taxation decreased by 21.43 per cent at Rs 0.44 crore (Dec'19 Rs 0.56 crore).