Oriental Trimex Q1 net profit down 72.09% at Rs 0.24 cr
14/08/2019 16:10
The company reported standalone net profit of Rs 0.24 crore for the quarter ended June 30, 2019 as compared to Rs 0.86 crore in the same period last year, registering a year-on-year decline of 72.09 per cent.

Net revenue of the company declined marginally by 1.09 per cent at Rs 14.49 crore in April-June quarter of this fiscal as against Rs 14.65 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 11.65 per cent to Rs 13.58 crore from Rs 15.37 crore in year ago period.

Other Income dipped by 78.73 per cent at Rs 0.47 crore versus (Jun'18 Rs 2.21 crore).

Operating Profit surged by 226.39 per cent to Rs 0.91 crore as against Rs -0.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 228.63 per cent in June quarter.

Interest grew by 1600.00 per cent y-o-y to Rs 0.68 crore, while Taxation decreased by 72.73 per cent at Rs 0.06 crore (Jun'18 Rs 0.22 crore).