25 Jun 2019 | 10:27 PM

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COMPANYNEWS
Elgi Equipments Q4 net profit up 13.81% at Rs 26.78 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 26.78 crore for the quarter ended March 31 2019 as compared to Rs 23.53 crore in the same period last year registering a year-on-year growth of 13.81 per cent.


Net revenue of the company rose moderately by 12.02 per cent at Rs 337.89 crore in January-March quarter of this fiscal as against Rs 301.63 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 13.38 per cent to Rs 293.12 crore from Rs 258.54 crore in year ago period.


Other Income dipped by 42.99 per cent at Rs 2.44 crore versus (Mar`18 Rs 4.28 crore).


Operating Profit surged by 3.87 per cent to Rs 44.77 crore as against Rs 43.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.28 per cent in March quarter.


Interest declined by 15.94 per cent y-o-y to Rs 0.58 crore while Taxation decreased by 19.91 per cent at Rs 11.22 crore (Mar`18 Rs 14.01 crore).