Net Profit jumps over Rs.58 lacs at Mitsu Chem Plast in HY1 FY19-20

Mitsu Chem Plast announced the statement of financial results for the half year ended 30th September 2019 with a remarkable hike in profit and revenue.

Company : MRC Exim Ltd

In the first half year of FY2019-20, Mitsu Chem Plast Limited marked net profit of Rs.1.97 crore against Rs.1.39 crore in a year ago period. PBT for the same period stands at Rs.2.86 crore showing a rise by almost Rs.1 crore compared to previous year corresponding period.

Earnings per share for the current half year is Rs.4.90 as against Rs.3.53 in previous year, same period.

In the first half of 2019-20, total revenue at Mitsu Chem Plast reached Rs.66.08 crore against Rs.61.46 crore in a year ago period.

By the end of fiscal year 2018-19,MitsuChemPlast earned a PAT of Rs.3.65 crore and PBT reached Rs.4.37 crore. Total annual revenue stood at Rs.124.99 crore.

Established in the year 1990, Mitsu Chem Plast Ltd is a leading manufacturer of plastic Blow Molded and Injection Molded products. The company is based in Mumbai.

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	Current Year Upto	Previous Year Upto	Previous Year
	30/9/2019	30/9/2018	2018-2019
Income Statement
Revenue	6595.26	6137.03	12476.04
Other Income	13.19	9.58	23.61
Total Income	6608.45	6146.61	12499.65
Expenditure	5836.27	5694.92	11414.5
Finance Cost	297.55	167.19	402.22
PBDT	474.63	284.5	682.93
Depreciation	187.85	96.65	245.16
PBT	286.78	187.85	437.77
Tax	89.4	48.69	71.84
Net Profit	197.38	139.16	365.93
Equity	402.42	402.42	402.42
EPS	4.90	3.53	9.18