20 Jul 2019 | 8:02 PM

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Ashiana Ispat Q4 net profit down 28.66% at Rs 1.12 cr
  Ashiana Ispat Ltd. | 18 Jul 2019 | 04:01 PM
Published on 05-30-2019
The company reported standalone net profit of Rs 1.12 crore for the quarter ended March 31 2019 as compared to Rs 1.57 crore in the same period last year registering a year-on-year decline of 28.66 per cent.


Net revenue of the company rose substantially by 22.10 per cent at Rs 123.98 crore in January-March quarter of this fiscal as against Rs 101.54 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 23.56 per cent to Rs 120.79 crore from Rs 97.76 crore in year ago period.


Other Income dipped by 58.82 per cent at Rs 0.07 crore versus (Mar`18 Rs 0.17 crore).


Operating Profit slipped by 15.61 per cent to Rs 3.19 crore as against Rs 3.78 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 30.91 per cent in March quarter.


Interest grew by 10.24 per cent y-o-y to Rs 1.40 crore while Taxation decreased by 48.75 per cent at Rs 0.41 crore (Mar`18 Rs 0.80 crore).