Published on 14/08/2020 3:48:03 PM | Source: Dion Global Solutions Ltd

Uttam Sugar Mills Q1 net profit jumps 89.62% at Rs 28.69 cr

Posted in Stock Market| #Stock Market #Sugar #Quarterly Result

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The company reported standalone net profit of Rs 28.69 crore for the quarter ended June 30, 2020 as compared to Rs 15.13 crore in the same period last year, registering a year-on-year growth of 89.62 per cent. Net revenue of the company rose moderately by 17.92 per cent at Rs 409.46 crore in April-June quarter of this fiscal as against Rs 347.23 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 8.45 per cent to Rs 336.97 crore from Rs 310.71 crore in year ago period. Other Income dipped by 88.69 per cent at Rs 1.70 crore versus (Jun'19 Rs 15.03 crore).

Operating Profit surged by 98.49 per cent to Rs 72.49 crore as against Rs 36.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 68.25 per cent in June quarter. Interest grew by 4.10 per cent y-o-y to Rs 22.10 crore, while Taxation increased by 97.34 per cent at Rs 16.32 crore (Jun'19 Rs 8.27 crore).