20 Jul 2019 | 7:16 AM

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Aditya Spinners posts Q4 net profit of Rs 0.66 cr
  Aditya Spinners Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-28-2018
The company reported standalone net profit during the quarter stood at Rs 0.66 crore compared to net loss of Rs 0.19 crore in the previous year quarter.


Net revenue of the company declined moderately by 6.72 per cent at Rs 13.19 crore in January-March quarter of this fiscal as against Rs 14.14 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 9.30 per cent to Rs 12.29 crore from Rs 13.55 crore in year ago period.


Other Income grew by 16.67 per cent at Rs 0.07 crore versus (Mar'17 Rs 0.06 crore).


Operating Profit surged by 52.54 per cent to Rs 0.90 crore as against Rs 0.59 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 62.05 per cent in March quarter.


Interest declined by 113.64 per cent y-o-y to Rs -0.06 crore while Taxation decreased by 35.71 per cent at Rs 0.09 crore (Mar'17 Rs 0.14 crore).