27 May 2019 | 12:26 AM

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COMPANYNEWS
Jay Bharat Marut Q4 net profit down 38.81% at Rs 11.10 cr
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Published on 04-19-2019
The company reported standalone net profit of Rs 11.10 crore for the quarter ended March 31 2019 as compared to Rs 18.14 crore in the same period last year registering a year-on-year decline of 38.81 per cent.


Net revenue of the company rose moderately by 6.24 per cent at Rs 480.31 crore in January-March quarter of this fiscal as against Rs 452.09 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 0.81 per cent to Rs 435.79 crore from Rs 432.27 crore in year ago period.


Other Income grew by 471.43 per cent at Rs 0.80 crore versus (Mar`18 Rs 0.14 crore).


Operating Profit slipped by 7.48 per cent to Rs 44.52 crore as against Rs 48.12 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 12.88 per cent in March quarter.


Interest grew by 46.06 per cent y-o-y to Rs 9.83 crore while Taxation decreased by 21.49 per cent at Rs 7.27 crore (Mar`18 Rs 9.26 crore).