21 May 2019 | 9:19 AM

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COMPANYNEWS
Lakshmi Mill Co. Q4 net profit down 76.47% at Rs 0.20 cr
  Lakshmi Mills Company Ltd. | 20 May 2019 | 11:48 AM
Published on 05-18-2018
The company reported standalone net profit of Rs 0.20 crore for the quarter ended March 31 2018 as compared to Rs 0.85 crore in the same period last year registering a year-on-year decline of 76.47 per cent.


Net revenue of the company rose moderately by 18.22 per cent at Rs 74.16 crore in January-March quarter of this fiscal as against Rs 62.73 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 17.52 per cent to Rs 68.75 crore from Rs 58.50 crore in year ago period.


Other Income grew by 2.65 per cent at Rs 1.16 crore versus (Mar'17 Rs 1.13 crore).


Operating Profit surged by 27.90 per cent to Rs 5.41 crore as against Rs 4.23 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.16 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 2.37 crore while Taxation increased by 83.33 per cent at Rs 0.66 crore (Mar'17 Rs 0.36 crore).