20 Jul 2019 | 7:23 AM


Asian Granito India Q4 net profit down 84.17% at Rs 1.92 cr
  Asian Granito India Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-28-2019
The company reported standalone net profit of Rs 1.92 crore for the quarter ended March 31 2019 as compared to Rs 12.13 crore in the same period last year registering a year-on-year decline of 84.17 per cent.

Net revenue of the company declined moderately by 8.56 per cent at Rs 303.10 crore in January-March quarter of this fiscal as against Rs 331.46 crore in the corresponding period last year.

During January-March quarter operating expenses dropped by 4.61 per cent to Rs 291.81 crore from Rs 305.92 crore in year ago period.

Other Income dipped by 66.18 per cent at Rs 0.23 crore versus (Mar`18 Rs 0.68 crore).

Operating Profit slipped by 55.79 per cent to Rs 11.29 crore as against Rs 25.54 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 51.75 per cent in March quarter.

Interest grew by 24.71 per cent y-o-y to Rs 4.29 crore while Taxation decreased by 83.51 per cent at Rs 0.95 crore (Mar`18 Rs 5.76 crore).