23 Jul 2019 | 3:25 PM

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COMPANYNEWS
Asian Granito India Q3 net profit up 3.09% at Rs 6.68 cr
  Asian Granito India Ltd. | 23 Jul 2019 | 02:51 PM
Published on 02-12-2018
The company reported standalone net profit of Rs 6.68 crore for the quarter ended December 31 2017 as compared to Rs 6.48 crore in the same period last year registering a year-on-year growth of 3.09 per cent.


Net revenue of the company rose marginally by 3.39 per cent at Rs 227.59 crore in October-December quarter of this fiscal as against Rs 220.12 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 4.79 per cent to Rs 207.91 crore from Rs 198.40 crore in year ago period.


Other Income grew by 18.18 per cent at Rs 0.13 crore versus (Dec'16 Rs 0.11 crore).


Operating Profit slipped by 10.05 per cent to Rs 19.68 crore as against Rs 21.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 12.98 per cent in December quarter.


Interest declined by 4.31 per cent y-o-y to Rs 5.99 crore while Taxation decreased by 16.33 per cent at Rs 2.92 crore (Dec'16 Rs 3.49 crore).