Prakash Steelage Ltd Q4 net profit jumps 54.70% at Rs 12.02 cr
25/05/2019 19:00
The company reported standalone net profit of Rs 12.02 crore for the quarter ended March 31, 2019 as compared to Rs 7.77 crore in the same period last year, registering a year-on-year growth of 54.70 per cent.

Net revenue of the company rose moderately by 16.83 per cent at Rs 9.51 crore in January-March quarter of this fiscal as against Rs 8.14 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 25.70 per cent to Rs 10.27 crore from Rs 8.17 crore in year ago period.

Other Income grew by 3550.82 per cent at Rs 22.27 crore versus (Mar'18 Rs 0.61 crore).

Operating Profit surged by 3650.00 per cent to Rs -0.75 crore as against Rs -0.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2732.14 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 100.67 per cent at Rs 0.05 crore (Mar'18 Rs -7.50 crore).