23 Jul 2019 | 3:29 PM

News

COMPANYNEWS
Acknit Industries Lt Q4 net profit jumps 55.56% at Rs 1.26 cr
  Acknit Industries Ltd. | 23 Jul 2019 | 02:50 PM
Published on 05-30-2018
The company reported standalone net profit of Rs 1.26 crore for the quarter ended March 31 2018 as compared to Rs 0.81 crore in the same period last year registering a year-on-year growth of 55.56 per cent.


Net revenue of the company rose marginally by 1.89 per cent at Rs 43.06 crore in January-March quarter of this fiscal as against Rs 42.26 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 1.67 per cent to Rs 42.29 crore from Rs 43.01 crore in year ago period.


Other Income dipped by 60.82 per cent at Rs 0.38 crore versus (Mar'17 Rs 0.97 crore).


Operating Profit surged by 41.10 per cent to Rs 3.09 crore as against Rs 2.19 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 38.61 per cent in March quarter.


Interest grew by 17.92 per cent y-o-y to Rs 1.25 crore while Taxation decreased by 16.22 per cent at Rs 0.31 crore (Mar'17 Rs 0.37 crore).