AgroPages-Dhanuka Agritech Ltd Q4 net profit down 6.60% at Rs 26.75 crore-Agricultural news

The company reported standalone net profit of Rs 26.75 crore for the quarter ended March 31 2019 as compared to Rs 28.64 crore in the same period last year registering a year-on-year decline of 6.60 per cent.

Net revenue of the company rose marginally by 4.12 per cent at Rs 192.72 crore in January-March quarter of this fiscal as against Rs 185.10 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 3.93 per cent to Rs 159.69 crore from Rs 153.65 crore in year ago period.

Other Income dipped by 6.11 per cent at Rs 6.45 crore versus (Mar`18 Rs 6.87 crore).

Operating Profit surged by 5.02 per cent to Rs 33.03 crore as against Rs 31.45 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.88 per cent in March quarter.

Interest grew by 43.48 per cent y-o-y to Rs 0.33 crore while Taxation increased by 59.83 per cent at Rs 9.35 crore (Mar`18 Rs 5.85 crore).

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Dhanuka Agritech Ltd Q4 net profit down 6.60% at Rs 26.75 crore

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