Foods & Inns Q4 net profit zooms 315.97% at Rs 4.95 cr
31/05/2019 09:50
The company reported standalone net profit of Rs 4.95 crore for the quarter ended March 31, 2019 as compared to Rs 1.19 crore in the same period last year, registering a year-on-year growth of 315.97 per cent.

Net revenue of the company rose marginally by 4.32 per cent at Rs 108.58 crore in January-March quarter of this fiscal as against Rs 104.08 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 8.34 per cent to Rs 106.05 crore from Rs 97.89 crore in year ago period.

Other Income grew by 5940.00 per cent at Rs 2.92 crore versus (Mar'18 Rs -0.05 crore).

Operating Profit slipped by 59.06 per cent to Rs 2.53 crore as against Rs 6.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.77 per cent in March quarter.

Interest grew by 82.84 per cent y-o-y to Rs 2.45 crore, while Taxation decreased by 1585.61 per cent at Rs -20.65 crore (Mar'18 Rs 1.39 crore).