25 Jun 2019 | 10:23 PM

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COMPANYNEWS
Arex Industries Q4 net profit up 32.47% at Rs 1.02 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 1.02 crore for the quarter ended March 31 2019 as compared to Rs 0.77 crore in the same period last year registering a year-on-year growth of 32.47 per cent.


Net revenue of the company rose marginally by 3.98 per cent at Rs 10.20 crore in January-March quarter of this fiscal as against Rs 9.81 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 6.59 per cent to Rs 7.66 crore from Rs 8.20 crore in year ago period.


Other Income grew by 700.00 per cent at Rs 0.40 crore versus (Mar`18 Rs 0.05 crore).


Operating Profit surged by 57.14 per cent to Rs 2.53 crore as against Rs 1.61 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 51.62 per cent in March quarter.


Interest grew by 160.00 per cent y-o-y to Rs 0.78 crore while Taxation decreased by 126.92 per cent at Rs -0.07 crore (Mar`18 Rs 0.26 crore).