SPL Industries L Q4 net profit down 14.31% at Rs 4.85 cr
24/05/2019 18:20
The company reported standalone net profit of Rs 4.85 crore for the quarter ended March 31, 2019 as compared to Rs 5.66 crore in the same period last year, registering a year-on-year decline of 14.31 per cent.

Net revenue of the company rose substantially by 22.93 per cent at Rs 38.82 crore in January-March quarter of this fiscal as against Rs 31.58 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 29.25 per cent to Rs 33.58 crore from Rs 25.98 crore in year ago period.

Other Income dipped by 47.95 per cent at Rs 0.89 crore versus (Mar'18 Rs 1.71 crore).

Operating Profit slipped by 6.61 per cent to Rs 5.23 crore as against Rs 5.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.97 per cent in March quarter.

Interest declined by 41.07 per cent y-o-y to Rs 0.33 crore