20 Jun 2019 | 3:44 PM

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COMPANYNEWS
Empire Inds. Q4 net profit down 50.16% at Rs 4.69 cr
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Published on 05-24-2019
The company reported standalone net profit of Rs 4.69 crore for the quarter ended March 31 2019 as compared to Rs 9.41 crore in the same period last year registering a year-on-year decline of 50.16 per cent.


Net revenue of the company declined moderately by 7.65 per cent at Rs 162.85 crore in January-March quarter of this fiscal as against Rs 176.34 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 8.11 per cent to Rs 146.19 crore from Rs 159.09 crore in year ago period.


Other Income dipped by 35.11 per cent at Rs 1.83 crore versus (Mar`18 Rs 2.82 crore).


Operating Profit slipped by 3.42 per cent to Rs 16.66 crore as against Rs 17.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.60 per cent in March quarter.


Interest declined by 3.73 per cent y-o-y to Rs 4.65 crore while Taxation increased by 78.57 per cent at Rs 6.25 crore (Mar`18 Rs 3.50 crore).