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Published on 17/05/2018 5:37:52 PM | Source: Dion Global Solutions Ltd

Manali Petrochem Q4 net profit zooms 466.81% at Rs 26.64 cr

The company reported standalone net profit of Rs 26.64 crore for the quarter ended March 31, 2018 as compared to Rs 4.70 crore in the same period last year, registering a year-on-year growth of 466.81 per cent. Net revenue of the company rose substantially by 31.47 per cent at Rs 189.93 crore in January-March quarter of this fiscal as against Rs 144.47 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 3.28 per cent to Rs 146.41 crore from Rs 141.76 crore in year ago period.

Other Income dipped by 92.60 per cent at Rs 0.59 crore versus (Mar'17 Rs 7.97 crore). Operating Profit surged by 1505.90 per cent to Rs 43.52 crore as against Rs 2.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1118.62 per cent in March quarter. Interest declined by 8.96 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 333.04 per cent at Rs 14.55 crore (Mar'17 Rs 3.36 crore).