The Indian Wood Prod Q1 net profit down 12.59% at Rs 2.57 cr
15/08/2019 15:20
The company reported standalone net profit of Rs 2.57 crore for the quarter ended June 30, 2019 as compared to Rs 2.94 crore in the same period last year, registering a year-on-year decline of 12.59 per cent.

Net revenue of the company declined marginally by 2.48 per cent at Rs 47.60 crore in April-June quarter of this fiscal as against Rs 48.81 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 3.76 per cent to Rs 41.42 crore from Rs 43.04 crore in year ago period.

Other Income dipped by 73.68 per cent at Rs 0.05 crore versus (Jun'18 Rs 0.19 crore).

Operating Profit surged by 6.93 per cent to Rs 6.17 crore as against Rs 5.77 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.73 per cent in June quarter.

Interest grew by 41.96 per cent y-o-y to Rs 1.59 crore, while Taxation decreased by 21.67 per cent at Rs 0.94 crore (Jun'18 Rs 1.20 crore).