25 Jun 2019 | 10:23 PM

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COMPANYNEWS
Graphite India Q4 net profit down 5.89% at Rs 427.00 cr
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Published on 05-18-2019
The company reported standalone net profit of Rs 427.00 crore for the quarter ended March 31 2019 as compared to Rs 453.72 crore in the same period last year registering a year-on-year decline of 5.89 per cent.


Net revenue of the company rose moderately by 14.67 per cent at Rs 1390.00 crore in January-March quarter of this fiscal as against Rs 1212.22 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 32.25 per cent to Rs 719.00 crore from Rs 543.66 crore in year ago period.


Other Income grew by 70.09 per cent at Rs 63.00 crore versus (Mar`18 Rs 37.04 crore).


Operating Profit surged by 0.36 per cent to Rs 671.00 crore as against Rs 668.56 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 12.48 per cent in March quarter.


Interest grew by 101.01 per cent y-o-y to Rs 4.00 crore while Taxation decreased by 5.35 per cent at Rs 226.00 crore (Mar`18 Rs 238.78 crore).