Taneja Aerospace Q4 net profit zooms 229.41% at Rs 0.56 cr
28/05/2019 17:20
The company reported standalone net profit of Rs 0.56 crore for the quarter ended March 31, 2019 as compared to Rs 0.17 crore in the same period last year, registering a year-on-year growth of 229.41 per cent.

Net revenue of the company rose marginally by 3.96 per cent at Rs 7.62 crore in January-March quarter of this fiscal as against Rs 7.33 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 31.55 per cent to Rs 3.84 crore from Rs 5.61 crore in year ago period.

Other Income dipped by 93.48 per cent at Rs 0.03 crore versus (Mar'18 Rs 0.46 crore).

Operating Profit surged by 120.35 per cent to Rs 3.79 crore as against Rs 1.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 111.23 per cent in March quarter.

Interest declined by 7.32 per cent y-o-y to Rs 1.14 crore, while Taxation increased by 4400.00 per cent at Rs 1.35 crore (Mar'18 Rs 0.03 crore).