20 Jul 2019 | 1:03 AM

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COMPANYNEWS
Apollo Sindoori Hote Q4 net profit zooms 208.54% at Rs 2.53 cr
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Published on 06-24-2019
The company reported standalone net profit of Rs 2.53 crore for the quarter ended March 31 2019 as compared to Rs 0.82 crore in the same period last year registering a year-on-year growth of 208.54 per cent.


Net revenue of the company rose substantially by 32.55 per cent at Rs 45.40 crore in January-March quarter of this fiscal as against Rs 34.25 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 28.53 per cent to Rs 44.38 crore from Rs 34.53 crore in year ago period.


Other Income grew by 409.30 per cent at Rs 2.19 crore versus (Mar`18 Rs 0.43 crore).


Operating Profit surged by 464.29 per cent to Rs 1.02 crore as against Rs -0.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 374.39 per cent in March quarter.


Interest declined by 50.00 per cent y-o-y to Rs 0.04 crore while Taxation increased by 137.37 per cent at Rs 0.37 crore (Mar`18 Rs -0.99 crore).