Eveready Industr posts Q4 net profit of Rs 4.05 cr
28/05/2019 09:50
The company reported standalone net profit during the quarter stood at Rs 4.05 crore compared to net loss of Rs 16.12 crore in the previous year quarter.

Net revenue of the company declined moderately by 10.87 per cent at Rs 311.72 crore in January-March quarter of this fiscal as against Rs 349.75 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 15.24 per cent to Rs 299.73 crore from Rs 353.62 crore in year ago period.

Other Income grew by 988.98 per cent at Rs 13.83 crore versus (Mar'18 Rs 1.27 crore).

Operating Profit surged by 409.02 per cent to Rs 11.99 crore as against Rs -3.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 446.85 per cent in March quarter.

Interest grew by 82.96 per cent y-o-y to Rs 14.82 crore, while Taxation increased by 154.55 per cent at Rs 1.40 crore (Mar'18 Rs 0.55 crore).