BSE Q4 net profit down 28.24% at Rs 43.85 cr
07/05/2019 16:50
The company reported standalone net profit of Rs 43.85 crore for the quarter ended March 31, 2019 as compared to Rs 61.11 crore in the same period last year, registering a year-on-year decline of 28.24 per cent.

Net revenue of the company declined substantially by 21.90 per cent at Rs 97.64 crore in January-March quarter of this fiscal as against Rs 125.02 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.48 per cent to Rs 93.91 crore from Rs 89.03 crore in year ago period.

Other Income grew by 206.89 per cent at Rs 14.70 crore versus (Mar'18 Rs 4.79 crore).

Operating Profit slipped by 40.14 per cent to Rs 48.89 crore as against Rs 81.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.36 per cent in March quarter.

Taxation decreased by 50.65 per cent at Rs 6.83 crore (Mar'18 Rs 13.84 crore).