Electrotherm (In Q4 net profit jumps 73.46% at Rs 72.16 cr
29/05/2019 08:50
The company reported standalone net profit of Rs 72.16 crore for the quarter ended March 31, 2019 as compared to Rs 41.60 crore in the same period last year, registering a year-on-year growth of 73.46 per cent.

Net revenue of the company declined moderately by 12.40 per cent at Rs 848.81 crore in January-March quarter of this fiscal as against Rs 968.95 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 18.73 per cent to Rs 724.59 crore from Rs 891.60 crore in year ago period.

Other Income grew by 160.84 per cent at Rs 11.19 crore versus (Mar'18 Rs 4.29 crore).

Operating Profit surged by 60.59 per cent to Rs 124.22 crore as against Rs 77.35 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 83.33 per cent in March quarter.

Interest grew by 1295.83 per cent y-o-y to Rs 26.80 crore