Indal has recorded a 13 per cent decline in net profit at Rs 24 crore in the first quarter ended June 30, as against Rs 28.6 crore a year ago. It's turnover has dipped to Rs 3.10 billion (Rs 310.2 crore), from Rs 3.32 billion (Rs 332.2 crore) in the first quarter last year. Sales for the quarter dropped 6.6 per cent to Rs 3.10 billion (Rs 310.24 crore) as against Rs 3.32 billion (Rs 332.26 crore) in the same period of the previous fiscal. Other income for the quarter stood at Rs 0.1 billion (Rs 10.93 crore), which was higher by 135 per cent as compared to other income of Rs 4.65 per cent in the corresponding quarter of the previous fiscal. Total expenditure for the first quarter has dropped only marginally by 1.32 per cent to Rs 2.69 billion (Rs 269.83 crore) as against a figure of Rs 2.73 billion (Rs 273.44 crore) in the earlier fiscal. Raw material consumption during the period has also dropped by 5.45 per cent to Rs 1.14 billion (Rs 114.12 crore) as against Rs 1.20 billion (Rs 120.07 crore) in the previous years. Interest outgo in the quarter dropped 50 per cent to Rs 0.6 billion (Rs 6.12 crore) as compared to interest of Rs 1 billion (Rs 9.17 crore) in the first quarter of the previous fiscal. Other income for the quarter doubled to Rs 0.1 billion (Rs 10.9 crore) compared with Rs 0.5 billion (Rs 4.65 crore) in the previous year.
NSTL
