Williamson Magor posts Q4 net profit of Rs 75.13 cr
31/05/2019 19:10
The company reported standalone net profit during the quarter stood at Rs 75.13 crore compared to net loss of Rs 15.09 crore in the previous year quarter.

Net revenue of the company declined moderately by 17.13 per cent at Rs 11.85 crore in January-March quarter of this fiscal as against Rs 14.30 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.08 per cent to Rs 2.07 crore from Rs 1.97 crore in year ago period.

Other Income grew by 3115.38 per cent at Rs 4.18 crore versus (Mar'18 Rs 0.13 crore).

Operating Profit slipped by 20.68 per cent to Rs 9.78 crore as against Rs 12.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.28 per cent in March quarter.

Interest declined by 5.88 per cent y-o-y to Rs 25.92 crore, while Taxation increased by 0.00 per cent at Rs -87.10 crore (Mar'18 Rs 0.00 crore).