BSE Q1 net profit down 33.68% at Rs 34.36 cr
07/08/2019 18:40
The company reported standalone net profit of Rs 34.36 crore for the quarter ended June 30, 2019 as compared to Rs 51.81 crore in the same period last year, registering a year-on-year decline of 33.68 per cent.

Net revenue of the company declined marginally by 2.45 per cent at Rs 95.48 crore in April-June quarter of this fiscal as against Rs 97.88 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 12.73 per cent to Rs 90.85 crore from Rs 80.59 crore in year ago period.

Other Income dipped by 52.06 per cent at Rs 4.89 crore versus (Jun'18 Rs 10.20 crore).

Operating Profit slipped by 15.81 per cent to Rs 46.61 crore as against Rs 55.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.68 per cent in June quarter.

Taxation increased by 102.35 per cent at Rs 6.88 crore (Jun'18 Rs 3.40 crore).