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Meghmani Organics reports marginal rise in Q1 consolidated net profit

09 Aug 2019 Evaluate

Meghmani Organics has reported results for first quarter ended June 30, 2019.   

The company has reported 66.70% fall in its net profit at Rs 28.33 crore for the quarter under review as compared to Rs 85.07 crore for the same quarter in the previous year. However, total income of the company increased by 40.76% at Rs 454.65 crore for Q1FY20 as compared Rs 323.01 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported marginal rise of 0.96% in its net profit at Rs 77.81 crore for the quarter under review as compared to Rs 77.07 crore for the same quarter in the previous year. Total income of the company increased by 26.37% at Rs 619.98 crore for Q1FY20 as compared Rs 490.62 crore for the corresponding quarter previous year.  

Peers
Company Name CMP
UPL 522.00
PI Industries 2245.00
Bayer CropScience 3555.45
Sharda Cropchem 710.30
Sumitomo Chem. India 417.30
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