Tinna Rubber and Inf Q1 net profit down 33.33% at Rs 0.04 cr
12/08/2019 11:50
The company reported standalone net profit of Rs 0.04 crore for the quarter ended June 30, 2019 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year decline of 33.33 per cent.

Net revenue of the company rose marginally by 2.31 per cent at Rs 32.34 crore in April-June quarter of this fiscal as against Rs 31.61 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 2.46 per cent to Rs 28.27 crore from Rs 27.59 crore in year ago period.

Other Income dipped by 52.94 per cent at Rs 0.24 crore versus (Jun'18 Rs 0.51 crore).

Operating Profit surged by 0.99 per cent to Rs 4.07 crore as against Rs 4.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.26 per cent in June quarter.

Interest declined by 9.47 per cent y-o-y to Rs 2.39 crore, while Taxation increased by 200.00 per cent at Rs 0.03 crore (Jun'18 Rs 0.01 crore).