20 Jul 2019 | 1:11 AM

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COMPANYNEWS
APM Industries Q4 net profit down 19.68% at Rs 2.53 cr
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Published on 06-20-2019
The company reported standalone net profit of Rs 2.53 crore for the quarter ended March 31 2019 as compared to Rs 3.15 crore in the same period last year registering a year-on-year decline of 19.68 per cent.


Net revenue of the company declined moderately by 8.20 per cent at Rs 56.62 crore in January-March quarter of this fiscal as against Rs 61.68 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 7.77 per cent to Rs 55.19 crore from Rs 59.84 crore in year ago period.


Other Income dipped by 46.21 per cent at Rs 2.34 crore versus (Mar`18 Rs 4.35 crore).


Operating Profit slipped by 22.28 per cent to Rs 1.43 crore as against Rs 1.84 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.10 per cent in March quarter.


Interest grew by 4.17 per cent y-o-y to Rs 1.25 crore while Taxation decreased by 339.66 per cent at Rs -1.39 crore (Mar`18 Rs 0.58 crore).