Business News This Week
For the quarter ended June 30, 2015, the Company’s net revenues stood at Rs.642.48 crore as against Rs.718.47 crore in the corresponding quarter of the previous year. The operational EBIDTA for the quarter stood at Rs.32.55 crore as compared to Rs.43.67 crore for the corresponding quarter in the previous year. Net Profit after Tax (PAT) for the quarter ended June 30, 2015 is reported at Rs.4.91 crore as compared to Rs.22.05 crore in corresponding quarter of the previous year.
The sales volume for the quarter increased to 79,088 tons as compared to 75,573 tons in the corresponding period of the last financial year, reflecting an increase of 4.65% on quarter basis. However, due to continuous fall in the global crude oil prices in the last several months, which led to a reduction in raw material and selling prices for the products of the Company, it has reported a lower net sales of Rs.627.92 crore as compared to Rs.705.27 crore in the corresponding period of the previous year.
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