16 Jul 2019 | 8:31 AM


Ashiana Ispat Q3 net profit down 21.76% at Rs 1.51 cr
  Ashiana Ispat Ltd. | 09 Jul 2019 | 04:01 PM
Published on 02-05-2018
The company reported standalone net profit of Rs 1.51 crore for the quarter ended December 31 2017 as compared to Rs 1.93 crore in the same period last year registering a year-on-year decline of 21.76 per cent.

Net revenue of the company rose moderately by 17.56 per cent at Rs 65.68 crore in October-December quarter of this fiscal as against Rs 55.87 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 19.98 per cent to Rs 61.00 crore from Rs 50.84 crore in year ago period.

Operating Profit slipped by 2.30 per cent to Rs 4.68 crore as against Rs 4.79 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.02 per cent in December quarter.

Interest grew by 16.57 per cent y-o-y to Rs 1.97 crore while Taxation increased by 6.25 per cent at Rs 0.85 crore (Dec'16 Rs 0.80 crore).