24 Jun 2019 | 10:09 PM

News

COMPANYNEWS
Arrow Textiles Q4 net profit down 69.75% at Rs 0.36 cr
  Arrow Textiles Ltd. | 24 Jun 2019 | 04:01 PM
Published on 05-22-2019
The company reported standalone net profit of Rs 0.36 crore for the quarter ended March 31 2019 as compared to Rs 1.19 crore in the same period last year registering a year-on-year decline of 69.75 per cent.


Net revenue of the company declined moderately by 6.10 per cent at Rs 10.31 crore in January-March quarter of this fiscal as against Rs 10.98 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 13.33 per cent to Rs 9.18 crore from Rs 8.10 crore in year ago period.


Other Income dipped by 38.46 per cent at Rs 0.16 crore versus (Mar`18 Rs 0.26 crore).


Operating Profit slipped by 60.76 per cent to Rs 1.13 crore as against Rs 2.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 58.17 per cent in March quarter.


Interest declined by 45.45 per cent y-o-y to Rs 0.06 crore while Taxation decreased by 102.90 per cent at Rs -0.02 crore (Mar`18 Rs 0.69 crore).