24 Jul 2019 | 10:51 AM

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Acknit Industries Lt Q1 net profit up 29.73% at Rs 0.48 cr
  Acknit Industries Ltd. | 24 Jul 2019 | 10:40 AM
Published on 08-14-2017
The company reported standalone net profit of Rs 0.48 crore for the quarter ended June 30 2017 as compared to Rs 0.37 crore in the same period last year registering a year-on-year growth of 29.73 per cent.


Net revenue of the company rose moderately by 12.21 per cent at Rs 36.76 crore in April-June quarter of this fiscal as against Rs 32.76 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 17.60 per cent to Rs 39.16 crore from Rs 33.30 crore in year ago period.


Other Income grew by 1233.33 per cent at Rs 2.00 crore versus (Jun'16 Rs 0.15 crore).


Operating Profit slipped by 80.33 per cent to Rs 0.36 crore as against Rs 1.83 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 82.29 per cent in June quarter.


Interest grew by 17.78 per cent y-o-y to Rs 1.06 crore while Taxation increased by 14.81 per cent at Rs 0.31 crore (Jun'16 Rs 0.27 crore).