16 Jul 2019 | 4:46 PM

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Ashiana Ispat Q3 net profit down 73.51% at Rs 0.40 cr
  Ashiana Ispat Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-13-2019
The company reported standalone net profit of Rs 0.40 crore for the quarter ended December 31 2018 as compared to Rs 1.51 crore in the same period last year registering a year-on-year decline of 73.51 per cent.


Net revenue of the company rose substantially by 63.31 per cent at Rs 107.26 crore in October-December quarter of this fiscal as against Rs 65.68 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 72.46 per cent to Rs 105.20 crore from Rs 61.00 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec`17 Rs 0.00 crore).


Operating Profit slipped by 55.98 per cent to Rs 2.06 crore as against Rs 4.68 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 73.03 per cent in December quarter.


Interest declined by 43.15 per cent y-o-y to Rs 1.12 crore while Taxation decreased by 74.12 per cent at Rs 0.22 crore (Dec`17 Rs 0.85 crore).