25 Jun 2019 | 10:27 PM

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COMPANYNEWS
Asahi India Glass Q4 net profit down 14.87% at Rs 48.15 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 48.15 crore for the quarter ended March 31 2019 as compared to Rs 56.56 crore in the same period last year registering a year-on-year decline of 14.87 per cent.


Net revenue of the company declined marginally by 3.39 per cent at Rs 706.63 crore in January-March quarter of this fiscal as against Rs 731.42 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 0.16 per cent to Rs 584.69 crore from Rs 583.78 crore in year ago period.


Other Income grew by 54.32 per cent at Rs 10.37 crore versus (Mar`18 Rs 6.72 crore).


Operating Profit slipped by 15.37 per cent to Rs 122.32 crore as against Rs 144.54 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 12.40 per cent in March quarter.


Interest grew by 4.28 per cent y-o-y to Rs 32.92 crore while Taxation decreased by 27.22 per cent at Rs 22.08 crore (Mar`18 Rs 30.34 crore).