Punjab Chemicals & Crop Protection disclosed a drop in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 96.03% to Rs 11.30 million from Rs 284.60 million in the same quarter previous year.
Revenues for the quarter declined 10.67% to Rs 893.10 million, compared with Rs 999.80 million for the prior year period.
Total expenses as a percent of revenues decreased to 6.06 percent from 102.60 percent in the same period last year. This has led to an improvement of 9654 basis points in operating margin to 93.94 percent.
Operating margin for the quarter stood at positive 2.60 percent as compared to a negative 2.60 percent for the previous year period. Operating Income for the quarter was Rs 839.00 million, compared with an operating loss of Rs 26.00 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.92, registering 96.04% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 893.10 | 999.80 | (10.67) |
| Net Profit | 11.30 | 284.60 | (96.03) |
| Diluted EPS | 0.92 | 23.21 | (96.04) |
Shares of the company declined Rs 7.85, or 3.2%, to settle at Rs 237.30. The total volume of shares traded was 36,424 at the BSE (Monday).
