Varun Shipping posts 63% growth in net - Views on News from Equitymaster

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Varun Shipping posts 63% growth in net

Oct 15, 1999

The shipping industry has yet to benefit from the turnaround in the economy. The company has managed to squeeze through a growth in profits, mainly due to lower interest, depreciation and tax costs.

(Rs m) 2QFY2000 2QFY1999 Change
Income from operations 483 441 9.5%
Other Income 1 1 -46.4%
Expenditure 262 225 16.4%
Interest 72 82 -13.0%
Depreciation 95 105 -9.5%
Profit before Tax 55 30 83.8%
Tax 6 - NM
Profit after Tax 49 30 63.1%
Net profit margins 10.1% 6.8%  

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Jul 29, 2015 (Close)

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