Atul April-June Profit Drops 10.5% On Year; Revenue Rises 8%

Atul Ltd.'s net profit for the April-June quarter fell 10.5% on year to ₹977.4 million, while revenue from operations rose 8% to ₹13.05 billion.

On a sequential basis, net profit declined 22.2% and revenue slipped 0.8%. The company's other income more than doubled to ₹289.7 million from ₹140.7 million a year ago.

Total expenditure rose to ₹11.99 billion from ₹10.74 billion last year, while finance cost remained steady at ₹6.2 million. Tax outgo for the quarter stood at ₹367.7 million, down from ₹385.4 million a year earlier.