Ujaas Energy Q4 net profit down 32.35% at Rs 0.69 cr
30/05/2019 11:40
The company reported standalone net profit of Rs 0.69 crore for the quarter ended March 31, 2019 as compared to Rs 1.02 crore in the same period last year, registering a year-on-year decline of 32.35 per cent.

Net revenue of the company declined substantially by 25.19 per cent at Rs 49.92 crore in January-March quarter of this fiscal as against Rs 66.73 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 26.27 per cent to Rs 44.72 crore from Rs 60.65 crore in year ago period.

Other Income grew by 44.44 per cent at Rs 1.04 crore versus (Mar'18 Rs 0.72 crore).

Operating Profit slipped by 14.47 per cent to Rs 5.20 crore as against Rs 6.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.27 per cent in March quarter.

Interest declined by 6.88 per cent y-o-y to Rs 3.79 crore, while Taxation decreased by 29.03 per cent at Rs -0.22 crore (Mar'18 Rs -0.31 crore).