India’s Bhageria Industries reported profit growth in the third quarter 2019 despite fall in sales revenue.
Growth in dye intermediates margin aided to the rise in profit.
Net profit of Bhageria Industries rose 17.41% to Rs 17.74 crore ($2.5 million) in the quarter ended December 2019 as against Rs 15.11 crore ($2.1 million) during the previous quarter ended December 2018.
Sales declined 6.45% to Rs 104.80 crore ($14.7 million) in the quarter ended December 2019 as against Rs 112.03 crore ($15.7 million) during the previous quarter ended December 2018.