25 Jun 2019 | 10:25 PM

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COMPANYNEWS
Kaira Can Co. Q4 net profit down 29.81% at Rs 0.73 cr
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Published on 05-24-2019
The company reported standalone net profit of Rs 0.73 crore for the quarter ended March 31 2019 as compared to Rs 1.04 crore in the same period last year registering a year-on-year decline of 29.81 per cent.


Net revenue of the company declined moderately by 6.77 per cent at Rs 31.24 crore in January-March quarter of this fiscal as against Rs 33.51 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 6.10 per cent to Rs 29.25 crore from Rs 31.15 crore in year ago period.


Other Income dipped by 46.15 per cent at Rs 0.07 crore versus (Mar`18 Rs 0.13 crore).


Operating Profit slipped by 18.44 per cent to Rs 1.99 crore as against Rs 2.44 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 12.38 per cent in March quarter.


Interest grew by 85.71 per cent y-o-y to Rs 0.26 crore while Taxation decreased by 173.33 per cent at Rs -0.11 crore (Mar`18 Rs 0.15 crore).