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Published on 17/05/2018 5:44:38 PM | Source: Dion Global Solutions Ltd

IOL Chemicals and Ph Q4 net profit zooms 666.00% at Rs 11.49 cr

The company reported standalone net profit of Rs 11.49 crore for the quarter ended March 31, 2018 as compared to Rs 1.50 crore in the same period last year, registering a year-on-year growth of 666.00 per cent. Net revenue of the company rose substantially by 48.75 per cent at Rs 287.52 crore in January-March quarter of this fiscal as against Rs 193.29 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 50.89 per cent to Rs 252.96 crore from Rs 167.65 crore in year ago period.

Other Income grew by 158.82 per cent at Rs 0.88 crore versus (Mar'17 Rs 0.34 crore). Operating Profit surged by 34.79 per cent to Rs 34.56 crore as against Rs 25.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.42 per cent in March quarter. Interest declined by 10.70 per cent y-o-y to Rs 15.02 crore, while Taxation increased by 300.00 per cent at Rs 1.24 crore (Mar'17 Rs 0.31 crore).