Taneja Aerospace Q1 net profit jumps 43.08% at Rs 1.86 cr
14/08/2019 10:20
The company reported standalone net profit of Rs 1.86 crore for the quarter ended June 30, 2019 as compared to Rs 1.30 crore in the same period last year, registering a year-on-year growth of 43.08 per cent.

Net revenue of the company declined marginally by 3.62 per cent at Rs 7.73 crore in April-June quarter of this fiscal as against Rs 8.02 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 21.49 per cent to Rs 3.80 crore from Rs 4.84 crore in year ago period.

Other Income dipped by 64.29 per cent at Rs 0.05 crore versus (Jun'18 Rs 0.14 crore).

Operating Profit surged by 23.58 per cent to Rs 3.93 crore as against Rs 3.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 28.21 per cent in June quarter.

Interest declined by 6.35 per cent y-o-y to Rs 1.18 crore, while Taxation increased by 0.00 per cent at Rs 0.18 crore (Jun'18 Rs 0.00 crore).