27 May 2019 | 12:16 AM

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COMPANYNEWS
Bharat Seats Q4 net profit down 38.87% at Rs 4.75 cr
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Published on 04-23-2019
The company reported standalone net profit of Rs 4.75 crore for the quarter ended March 31 2019 as compared to Rs 7.77 crore in the same period last year registering a year-on-year decline of 38.87 per cent.


Net revenue of the company declined substantially by 22.88 per cent at Rs 195.47 crore in January-March quarter of this fiscal as against Rs 253.46 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 20.86 per cent to Rs 186.45 crore from Rs 235.59 crore in year ago period.


Other Income grew by 875.00 per cent at Rs 3.12 crore versus (Mar`18 Rs 0.32 crore).


Operating Profit slipped by 49.47 per cent to Rs 9.03 crore as against Rs 17.87 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 34.47 per cent in March quarter.


Interest grew by 25.40 per cent y-o-y to Rs 0.79 crore while Taxation decreased by 72.38 per cent at Rs 1.29 crore (Mar`18 Rs 4.67 crore).