News Details
Category : Company
Headline : Nahar Poly Films Ltd Q3 net profit down 40.70% at Rs 0.51 cr
Date: 11/02/2019 16:50
The company reported standalone net profit of Rs 0.51 crore for the quarter ended December 31, 2018 as compared to Rs 0.86 crore in the same period last year, registering a year-on-year decline of 40.70 per cent.

Net revenue of the company declined moderately by 12.09 per cent at Rs 58.29 crore in October-December quarter of this fiscal as against Rs 66.31 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.09 per cent to Rs 56.67 crore from Rs 61.66 crore in year ago period.

Other Income grew by 90.91 per cent at Rs 0.21 crore versus (Dec'17 Rs 0.11 crore).

Operating Profit slipped by 65.16 per cent to Rs 1.62 crore as against Rs 4.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.26 per cent in December quarter.

Interest declined by 70.31 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 269.70 per cent at Rs 0.56 crore (Dec'17 Rs -0.33 crore).