Resonance Spec. Q4 net profit zooms 4260.00% at Rs 2.18 cr
29/05/2019 19:40
The company reported standalone net profit of Rs 2.18 crore for the quarter ended March 31, 2019 as compared to Rs 0.05 crore in the same period last year, registering a year-on-year growth of 4260.00 per cent.

Net revenue of the company rose substantially by 45.40 per cent at Rs 15.66 crore in January-March quarter of this fiscal as against Rs 10.77 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.14 per cent to Rs 12.32 crore from Rs 9.69 crore in year ago period.

Other Income grew by 17.54 per cent at Rs 0.67 crore versus (Mar'18 Rs 0.57 crore).

Operating Profit surged by 209.26 per cent to Rs 3.34 crore as against Rs 1.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 113.29 per cent in March quarter.

Interest declined by 36.36 per cent y-o-y to Rs 0.07 crore, while Taxation decreased by 4.27 per cent at Rs 1.12 crore (Mar'18 Rs 1.17 crore).