25 Jun 2019 | 10:28 PM

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COMPANYNEWS
Jocil Q4 net profit down 78.49% at Rs 1.45 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 1.45 crore for the quarter ended March 31 2019 as compared to Rs 6.74 crore in the same period last year registering a year-on-year decline of 78.49 per cent.


Net revenue of the company rose by 5.83 per cent at Rs 89.51 crore in January-March quarter of this fiscal as against Rs 84.58 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 17.54 per cent to Rs 88.84 crore from Rs 75.58 crore in year ago period.


Other Income dipped by 58.62 per cent at Rs 0.60 crore versus (Mar`18 Rs 1.45 crore).


Operating Profit slipped by 92.56 per cent to Rs 0.67 crore as against Rs 9.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 92.96 per cent in March quarter.


Interest grew by 19.35 per cent y-o-y to Rs 0.37 crore while Taxation decreased by 220.00 per cent at Rs -1.98 crore (Mar`18 Rs 1.65 crore).