20 Jul 2019 | 8:09 PM

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COMPANYNEWS
Bhagyanagar India Lt Q4 net profit down 86.84% at Rs 1.05 cr
  Bhagyanagar India Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-23-2019
The company reported standalone net profit of Rs 1.05 crore for the quarter ended March 31 2019 as compared to Rs 7.98 crore in the same period last year registering a year-on-year decline of 86.84 per cent.


Net revenue of the company rose substantially by 22.78 per cent at Rs 150.53 crore in January-March quarter of this fiscal as against Rs 122.60 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 21.76 per cent to Rs 145.55 crore from Rs 119.54 crore in year ago period.


Other Income dipped by 95.68 per cent at Rs 0.41 crore versus (Mar`18 Rs 9.48 crore).


Operating Profit surged by 62.95 per cent to Rs 4.97 crore as against Rs 3.05 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 32.53 per cent in March quarter.


Interest grew by 141.00 per cent y-o-y to Rs 2.41 crore while Taxation decreased by 66.30 per cent at Rs 0.91 crore (Mar`18 Rs 2.70 crore).