News Details

( As on 18/01/2025 20:50)

Vardhman Acrylics Lt Q3 net profit down 29.11% at Rs 3.97 cr

The company reported standalone net profit of Rs 3.97 crore for the quarter ended December 31, 2024 as compared to Rs 5.60 crore in the same period last year, registering a year-on-year decline of 29.11 per cent.

Net revenue of the company rose substantially by 32.14 per cent at Rs 81.78 crore in October-December quarter of this fiscal as against Rs 61.89 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 41.98 per cent to Rs 80.97 crore from Rs 57.03 crore in year ago period.

Other Income grew by 59.46 per cent at Rs 4.72 crore versus (Dec'23 Rs 2.96 crore).

Operating Profit slipped by 83.33 per cent to Rs 0.81 crore as against Rs 4.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 87.39 per cent in December quarter.

Interest grew by 2266.67 per cent y-o-y to Rs 0.71 crore, while Taxation increased by 12.33 per cent at Rs 0.82 crore (Dec'23 Rs 0.73 crore).