17 Jul 2019 | 6:56 AM

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COMPANYNEWS
Axtel Industries Q4 net profit down 7.20% at Rs 2.45 cr
  Axtel Industries Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-23-2018
The company reported standalone net profit of Rs 2.45 crore for the quarter ended March 31 2018 as compared to Rs 2.64 crore in the same period last year registering a year-on-year decline of 7.20 per cent.


Net revenue of the company rose by 5.47 per cent at Rs 30.06 crore in January-March quarter of this fiscal as against Rs 28.50 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 4.82 per cent to Rs 25.22 crore from Rs 24.06 crore in year ago period.


Other Income dipped by 43.14 per cent at Rs 0.29 crore versus (Mar'17 Rs 0.51 crore).


Operating Profit surged by 8.76 per cent to Rs 4.84 crore as against Rs 4.45 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.14 per cent in March quarter.


Interest grew by 200.00 per cent y-o-y to Rs 0.12 crore while Taxation increased by 31.76 per cent at Rs 1.95 crore (Mar'17 Rs 1.48 crore).