Published on 20/05/2019 4:56:51 PM | Source: Dion Global Solutions Ltd

Phillips Carbon Q4 net profit up 0.24% at Rs 74.43 cr

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The company reported standalone net profit of Rs 74.43 crore for the quarter ended March 31, 2019 as compared to Rs 74.25 crore in the same period last year, registering a year-on-year growth of 0.24 per cent. Net revenue of the company rose substantially by 22.31 per cent at Rs 920.99 crore in January-March quarter of this fiscal as against Rs 753.01 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 24.29 per cent to Rs 809.22 crore from Rs 651.05 crore in year ago period.

Other Income dipped by 24.50 per cent at Rs 8.32 crore versus (Mar'18 Rs 11.02 crore). Operating Profit surged by 9.62 per cent to Rs 111.77 crore as against Rs 101.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.34 per cent in March quarter. Interest grew by 3.23 per cent y-o-y to Rs 10.56 crore, while Taxation increased by 29.62 per cent at Rs 17.33 crore (Mar'18 Rs 13.37 crore).