AGC Networks Q4 net profit down 76.79% at Rs 1.95 cr
29/05/2019 18:50
The company reported standalone net profit of Rs 1.95 crore for the quarter ended March 31, 2019 as compared to Rs 8.40 crore in the same period last year, registering a year-on-year decline of 76.79 per cent.

Net revenue of the company declined moderately by 19.50 per cent at Rs 73.56 crore in January-March quarter of this fiscal as against Rs 91.38 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 10.34 per cent to Rs 70.04 crore from Rs 78.12 crore in year ago period.

Other Income grew by 3166.67 per cent at Rs 0.98 crore versus (Mar'18 Rs 0.03 crore).

Operating Profit slipped by 73.45 per cent to Rs 3.52 crore as against Rs 13.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 66.99 per cent in March quarter.

Interest declined by 27.27 per cent y-o-y to Rs 3.60 crore