| |
Oct 21, 1999
Gulf Oil registers jump in margins
The company has recorded a 70 basis points jump in margins. This has been achieved mainly due to lower costs, which led to better operating margins. The marginal increase in interest expenditure and the decline in corporate tax also helped achieve better margins.
| (Rs m) |
2QFY2000 |
2QFY1999 |
Change |
| Net Sales |
675 |
670 |
0.8% |
| Other Income |
2 |
1 |
47.3% |
| Expenditure |
609 |
608 |
0.1% |
| Interest |
17 |
17 |
1.0% |
| Depreciation |
7 |
6 |
2.0% |
| Profit before Tax |
44 |
40 |
11.6% |
| Tax |
1 |
2 |
-17.6% |
| Profit after Tax |
43 |
38 |
12.9% |
| Net profit margin |
6.4% |
5.7% |
|
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