21 Jul 2019 | 11:18 PM

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COMPANYNEWS
Cubex Tubings Lt Q4 net profit jumps 46.15% at Rs 0.19 cr
  Cubex Tubings Ltd. | 19 Jul 2019 | 04:01 PM
Published on 06-01-2019
The company reported standalone net profit of Rs 0.19 crore for the quarter ended March 31 2019 as compared to Rs 0.13 crore in the same period last year registering a year-on-year growth of 46.15 per cent.


Net revenue of the company rose substantially by 26.53 per cent at Rs 19.70 crore in January-March quarter of this fiscal as against Rs 15.57 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 26.25 per cent to Rs 20.39 crore from Rs 16.15 crore in year ago period.


Other Income grew by 7.69 per cent at Rs 1.26 crore versus (Mar`18 Rs 1.17 crore).


Operating Profit surged by 18.97 per cent to Rs -0.69 crore as against Rs -0.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 6.15 per cent in March quarter.


Interest grew by 10.00 per cent y-o-y to Rs 0.11 crore while Taxation decreased by 122.22 per cent at Rs -0.02 crore (Mar`18 Rs 0.09 crore).