The Indian Wood Prod Q4 net profit down 9.47% at Rs 3.92 cr
24/05/2019 17:20
The company reported standalone net profit of Rs 3.92 crore for the quarter ended March 31, 2019 as compared to Rs 4.33 crore in the same period last year, registering a year-on-year decline of 9.47 per cent.

Net revenue of the company rose moderately by 6.36 per cent at Rs 50.81 crore in January-March quarter of this fiscal as against Rs 47.77 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 8.12 per cent to Rs 42.32 crore from Rs 39.14 crore in year ago period.

Other Income dipped by 75.00 per cent at Rs 0.06 crore versus (Mar'18 Rs 0.24 crore).

Operating Profit slipped by 1.62 per cent to Rs 8.49 crore as against Rs 8.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.42 per cent in March quarter.

Interest grew by 22.69 per cent y-o-y to Rs 1.46 crore, while Taxation decreased by 13.06 per cent at Rs 2.13 crore (Mar'18 Rs 2.45 crore).