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Published on 13/08/2019 1:33:35 PM | Source: Dion Global Solutions Ltd

GMM Pfaudler Ltd Q1 net profit jumps 61.28% at Rs 14.66 cr

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The company reported standalone net profit of Rs 14.66 crore for the quarter ended June 30, 2019 as compared to Rs 9.09 crore in the same period last year, registering a year-on-year growth of 61.28 per cent. Net revenue of the company rose substantially by 39.74 per cent at Rs 130.25 crore in April-June quarter of this fiscal as against Rs 93.21 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 36.38 per cent to Rs 106.31 crore from Rs 77.95 crore in year ago period.

Other Income dipped by 8.40 per cent at Rs 1.20 crore versus (Jun'18 Rs 1.31 crore). Operating Profit surged by 56.88 per cent to Rs 23.94 crore as against Rs 15.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.28 per cent in June quarter. Interest grew by 252.94 per cent y-o-y to Rs 0.60 crore, while Taxation increased by 21.59 per cent at Rs 5.80 crore (Jun'18 Rs 4.77 crore).