Rama Steel Tubes Ltd Q1 net profit down 35.38% at Rs 1.26 cr
13/08/2019 17:00
The company reported standalone net profit of Rs 1.26 crore for the quarter ended June 30, 2019 as compared to Rs 1.95 crore in the same period last year, registering a year-on-year decline of 35.38 per cent.

Net revenue of the company declined moderately by 17.65 per cent at Rs 83.80 crore in April-June quarter of this fiscal as against Rs 101.76 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 17.90 per cent to Rs 80.53 crore from Rs 98.09 crore in year ago period.

Other Income grew by 54.90 per cent at Rs 0.79 crore versus (Jun'18 Rs 0.51 crore).

Operating Profit slipped by 10.66 per cent to Rs 3.27 crore as against Rs 3.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.33 per cent in June quarter.

Interest grew by 21.43 per cent y-o-y to Rs 2.38 crore, while Taxation decreased by 22.92 per cent at Rs 0.37 crore (Jun'18 Rs 0.48 crore).