20 Jun 2019 | 1:22 AM

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Ashnoor Textile Q4 net profit down 23.68% at Rs 0.29 cr
  Ashnoor Textile Mills Ltd. | 19 Jun 2019 | 03:46 PM
Published on 05-30-2018
The company reported standalone net profit of Rs 0.29 crore for the quarter ended March 31 2018 as compared to Rs 0.38 crore in the same period last year registering a year-on-year decline of 23.68 per cent.


Net revenue of the company rose substantially by 40.10 per cent at Rs 28.16 crore in January-March quarter of this fiscal as against Rs 20.10 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 47.66 per cent to Rs 27.14 crore from Rs 18.38 crore in year ago period.


Other Income grew by 1375.00 per cent at Rs 0.59 crore versus (Mar'17 Rs 0.04 crore).


Operating Profit slipped by 74.81 per cent to Rs 1.01 crore as against Rs 4.01 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 81.95 per cent in March quarter.


Interest declined by 29.31 per cent y-o-y to Rs 0.41 crore while Taxation increased by 20.83 per cent at Rs 0.87 crore (Mar'17 Rs 0.72 crore).