25 Jun 2019 | 10:25 PM

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COMPANYNEWS
Hi-Tech Pipes Q4 net profit up 34.17% at Rs 4.28 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 4.28 crore for the quarter ended March 31 2019 as compared to Rs 3.19 crore in the same period last year registering a year-on-year growth of 34.17 per cent.


Net revenue of the company rose substantially by 39.62 per cent at Rs 313.97 crore in January-March quarter of this fiscal as against Rs 224.88 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 40.81 per cent to Rs 301.29 crore from Rs 213.97 crore in year ago period.


Other Income grew by 212.90 per cent at Rs 0.97 crore versus (Mar`18 Rs 0.31 crore).


Operating Profit surged by 16.22 per cent to Rs 12.68 crore as against Rs 10.91 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 16.70 per cent in March quarter.


Interest declined by 7.03 per cent y-o-y to Rs 5.29 crore while Taxation increased by 105.37 per cent at Rs 3.06 crore (Mar`18 Rs 1.49 crore).