16 Jul 2019 | 8:23 AM

News

COMPANYNEWS
Axtel Industries Q3 net profit down 38.26% at Rs 0.71 cr
  Axtel Industries Ltd. | 15 Jul 2019 | 03:41 PM
Published on 02-01-2018
The company reported standalone net profit of Rs 0.71 crore for the quarter ended December 31 2017 as compared to Rs 1.15 crore in the same period last year registering a year-on-year decline of 38.26 per cent.


Net revenue of the company declined substantially by 23.17 per cent at Rs 14.39 crore in October-December quarter of this fiscal as against Rs 18.73 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 22.30 per cent to Rs 13.10 crore from Rs 16.86 crore in year ago period.


Other Income grew by 188.89 per cent at Rs 0.26 crore versus (Dec'16 Rs 0.09 crore).


Operating Profit slipped by 30.85 per cent to Rs 1.30 crore as against Rs 1.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 9.98 per cent in December quarter.


Interest grew by 20.00 per cent y-o-y to Rs 0.18 crore