Rama Phosphates Q2 net profit down 48.71% at Rs 2.78 cr
08/11/2019 19:20

The company reported standalone net profit of Rs 2.78 crore for the quarter ended September 30, 2019 as compared to Rs 5.42 crore in the same period last year, registering a year-on-year decline of 48.71 per cent.

Net revenue of the company declined substantially by 22.88 per cent at Rs 124.11 crore in July-September quarter of this fiscal as against Rs 160.93 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 21.08 per cent to Rs 117.76 crore from Rs 149.22 crore in year ago period.

Other Income dipped by 39.13 per cent at Rs 0.14 crore versus (Sep'18 Rs 0.23 crore).

Operating Profit slipped by 45.77 per cent to Rs 6.35 crore as against Rs 11.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.67 per cent in September quarter.

Interest declined by 57.14 per cent y-o-y to Rs 0.96 crore, while Taxation decreased by 47.54 per cent at Rs 1.81 crore (Sep'18 Rs 3.45 crore).