Texmaco Infrastructu Q4 net profit down 87.74% at Rs 0.19 cr
13/05/2019 16:40
The company reported standalone net profit of Rs 0.19 crore for the quarter ended March 31, 2019 as compared to Rs 1.55 crore in the same period last year, registering a year-on-year decline of 87.74 per cent.

Net revenue of the company declined substantially by 24.04 per cent at Rs 2.18 crore in January-March quarter of this fiscal as against Rs 2.87 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 47.14 per cent to Rs 3.34 crore from Rs 2.27 crore in year ago period.

Other Income grew by 4.76 per cent at Rs 2.64 crore versus (Mar'18 Rs 2.52 crore).

Operating Profit slipped by 293.33 per cent to Rs -1.16 crore as against Rs 0.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 352.29 per cent in March quarter.

Interest declined by 28.92 per cent y-o-y to Rs 0.59 crore, while Taxation decreased by 133.33 per cent at Rs -0.03 crore (Mar'18 Rs 0.09 crore).