Shetron Ltd Q1 net profit down 61.11% at Rs 0.35 cr
25/07/2019 17:30
The company reported standalone net profit of Rs 0.35 crore for the quarter ended June 30, 2019 as compared to Rs 0.90 crore in the same period last year, registering a year-on-year decline of 61.11 per cent.

Net revenue of the company declined marginally by 3.60 per cent at Rs 49.33 crore in April-June quarter of this fiscal as against Rs 51.17 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 2.85 per cent to Rs 44.38 crore from Rs 45.68 crore in year ago period.

Other Income grew by 44.44 per cent at Rs 0.26 crore versus (Jun'18 Rs 0.18 crore).

Operating Profit slipped by 9.84 per cent to Rs 4.95 crore as against Rs 5.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.52 per cent in June quarter.

Interest grew by 0.67 per cent y-o-y to Rs 3.01 crore, while Taxation decreased by 66.67 per cent at Rs 0.10 crore (Jun'18 Rs 0.30 crore).