27 Jun 2019 | 1:14 PM

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COMPANYNEWS
Aksh Optifibre Q4 net profit zooms 321.50% at Rs 9.02 cr
  Aksh Optifibre Ltd. | 27 Jun 2019 | 01:06 PM
Published on 05-31-2018
The company reported standalone net profit of Rs 9.02 crore for the quarter ended March 31 2018 as compared to Rs 2.14 crore in the same period last year registering a year-on-year growth of 321.50 per cent.


Net revenue of the company rose substantially by 28.65 per cent at Rs 169.33 crore in January-March quarter of this fiscal as against Rs 131.62 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 10.79 per cent to Rs 144.29 crore from Rs 130.24 crore in year ago period.


Other Income dipped by 36.84 per cent at Rs 1.44 crore versus (Mar'17 Rs 2.28 crore).


Operating Profit surged by 372.45 per cent to Rs 25.04 crore as against Rs 5.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 267.00 per cent in March quarter.


Interest grew by 141.37 per cent y-o-y to Rs 6.01 crore while Taxation increased by 369.10 per cent at Rs 4.79 crore (Mar'17 Rs -1.78 crore).