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Published on 1/02/2018 3:29:35 PM | Source: Dion Global Solutions Ltd

INEOS Styrolution Q3 net profit zooms 164.02% at Rs 14.31 cr

The company reported standalone net profit of Rs 14.31 crore for the quarter ended December 31, 2017 as compared to Rs 5.42 crore in the same period last year, registering a year-on-year growth of 164.02 per cent. Net revenue of the company rose substantially by 47.05 per cent at Rs 453.04 crore in October-December quarter of this fiscal as against Rs 308.08 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 41.51 per cent to Rs 422.21 crore from Rs 298.37 crore in year ago period. Other Income grew by 184.31 per cent at Rs 1.45 crore versus (Dec'16 Rs 0.51 crore).

Operating Profit surged by 86.62 per cent to Rs 30.83 crore as against Rs 16.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.87 per cent in December quarter. Interest grew by 78.52 per cent y-o-y to Rs 2.66 crore, while Taxation increased by 123.30 per cent at Rs 8.53 crore (Dec'16 Rs 3.82 crore).