20 Jul 2019 | 12:59 AM

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Ashiana Ispat Q4 net profit jumps 78.41% at Rs 1.57 cr
  Ashiana Ispat Ltd. | 18 Jul 2019 | 04:01 PM
Published on 05-31-2018
The company reported standalone net profit of Rs 1.57 crore for the quarter ended March 31 2018 as compared to Rs 0.88 crore in the same period last year registering a year-on-year growth of 78.41 per cent.


Net revenue of the company rose substantially by 62.83 per cent at Rs 101.54 crore in January-March quarter of this fiscal as against Rs 62.36 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 60.95 per cent to Rs 97.76 crore from Rs 60.74 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.17 crore versus (Mar'17 Rs 0.00 crore).


Operating Profit surged by 60.17 per cent to Rs 3.78 crore as against Rs 2.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.85 per cent in March quarter.


Interest grew by 67.11 per cent y-o-y to Rs 1.27 crore while Taxation increased by 110.53 per cent at Rs 0.80 crore (Mar'17 Rs 0.38 crore).