Kanani Industries Lt Q1 net profit down 38.64% at Rs 0.27 cr
15/08/2019 15:30
The company reported standalone net profit of Rs 0.27 crore for the quarter ended June 30, 2019 as compared to Rs 0.44 crore in the same period last year, registering a year-on-year decline of 38.64 per cent.

Net revenue of the company declined marginally by 3.73 per cent at Rs 23.73 crore in April-June quarter of this fiscal as against Rs 24.65 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 2.89 per cent to Rs 23.15 crore from Rs 23.84 crore in year ago period.

Other Income dipped by 566.67 per cent at Rs -0.14 crore versus (Jun'18 Rs 0.03 crore).

Operating Profit slipped by 28.40 per cent to Rs 0.58 crore as against Rs 0.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.38 per cent in June quarter.

Interest declined by 69.57 per cent y-o-y to Rs 0.07 crore, while Taxation decreased by 45.45 per cent at Rs 0.06 crore (Jun'18 Rs 0.11 crore).