Salasar Techno Engin Q1 net profit up 4.98% at Rs 6.95 cr
15/08/2019 17:40
The company reported standalone net profit of Rs 6.95 crore for the quarter ended June 30, 2019 as compared to Rs 6.62 crore in the same period last year, registering a year-on-year growth of 4.98 per cent.

Net revenue of the company rose marginally by 3.43 per cent at Rs 163.21 crore in April-June quarter of this fiscal as against Rs 157.80 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 1.93 per cent to Rs 146.79 crore from Rs 144.01 crore in year ago period.

Other Income grew by 19.05 per cent at Rs 0.25 crore versus (Jun'18 Rs 0.21 crore).

Operating Profit surged by 19.07 per cent to Rs 16.42 crore as against Rs 13.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.10 per cent in June quarter.

Interest grew by 50.83 per cent y-o-y to Rs 4.57 crore, while Taxation increased by 2.07 per cent at Rs 3.95 crore (Jun'18 Rs 3.87 crore).