27 May 2019 | 12:27 AM


Alicon Castalloy Q4 net profit jumps 47.03% at Rs 15.57 cr
Published on 04-19-2019
The company reported standalone net profit of Rs 15.57 crore for the quarter ended March 31 2019 as compared to Rs 10.59 crore in the same period last year registering a year-on-year growth of 47.03 per cent.

Net revenue of the company rose marginally by 3.61 per cent at Rs 278.23 crore in January-March quarter of this fiscal as against Rs 268.54 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 2.60 per cent to Rs 243.29 crore from Rs 237.12 crore in year ago period.

Other Income grew by 128.29 per cent at Rs 3.47 crore versus (Mar`18 Rs 1.52 crore).

Operating Profit surged by 11.20 per cent to Rs 34.94 crore as against Rs 31.42 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.35 per cent in March quarter.

Interest grew by 20.90 per cent y-o-y to Rs 8.85 crore while Taxation decreased by 27.20 per cent at Rs 4.71 crore (Mar`18 Rs 6.47 crore).