17 Jun 2019 | 5:07 AM

News

COMPANYNEWS
Ashnoor Textile Q1 net profit down 40.16% at Rs 0.73 cr
  Ashnoor Textile Mills Ltd. | 14 Jun 2019 | 04:01 PM
Published on 08-11-2017
The company reported standalone net profit of Rs 0.73 crore for the quarter ended June 30 2017 as compared to Rs 1.22 crore in the same period last year registering a year-on-year decline of 40.16 per cent.


Net revenue of the company rose moderately by 13.94 per cent at Rs 19.21 crore in April-June quarter of this fiscal as against Rs 16.86 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 1.49 per cent to Rs 17.02 crore from Rs 16.77 crore in year ago period.


Other Income dipped by 87.10 per cent at Rs 0.04 crore versus (Jun'16 Rs 0.31 crore).


Operating Profit surged by 10.00 per cent to Rs 2.20 crore as against Rs 2.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.46 per cent in June quarter.


Interest grew by 143.33 per cent y-o-y to Rs 0.73 crore while Taxation increased by 106.67 per cent at Rs 0.31 crore (Jun'16 Rs 0.15 crore).