24 Jul 2019 | 10:57 AM

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Aditya Spinners Q4 net profit jumps 54.55% at Rs 1.02 cr
  Aditya Spinners Ltd. | 23 Jul 2019 | 04:01 PM
Published on 05-25-2019
The company reported standalone net profit of Rs 1.02 crore for the quarter ended March 31 2019 as compared to Rs 0.66 crore in the same period last year registering a year-on-year growth of 54.55 per cent.


Net revenue of the company rose moderately by 13.57 per cent at Rs 14.98 crore in January-March quarter of this fiscal as against Rs 13.19 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 12.12 per cent to Rs 13.78 crore from Rs 12.29 crore in year ago period.


Other Income grew by 228.57 per cent at Rs 0.23 crore versus (Mar`18 Rs 0.07 crore).


Operating Profit surged by 34.44 per cent to Rs 1.21 crore as against Rs 0.90 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 18.56 per cent in March quarter.


Interest grew by 700.00 per cent y-o-y to Rs 0.36 crore while Taxation decreased by 333.33 per cent at Rs -0.21 crore (Mar`18 Rs 0.09 crore).