24 Jul 2019 | 10:53 AM

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COMPANYNEWS
Axtel Industries Q4 net profit jumps 51.43% at Rs 3.71 cr
  Axtel Industries Ltd. | 24 Jul 2019 | 10:44 AM
Published on 05-27-2019
The company reported standalone net profit of Rs 3.71 crore for the quarter ended March 31 2019 as compared to Rs 2.45 crore in the same period last year registering a year-on-year growth of 51.43 per cent.


Net revenue of the company rose by 0.23 per cent at Rs 30.13 crore in January-March quarter of this fiscal as against Rs 30.06 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 5.00 per cent to Rs 23.96 crore from Rs 25.22 crore in year ago period.


Other Income grew by 258.62 per cent at Rs 1.04 crore versus (Mar`18 Rs 0.29 crore).


Operating Profit surged by 27.69 per cent to Rs 6.18 crore as against Rs 4.84 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 27.27 per cent in March quarter.


Interest grew by 8.33 per cent y-o-y to Rs 0.13 crore while Taxation decreased by 23.08 per cent at Rs 1.50 crore (Mar`18 Rs 1.95 crore).