27 May 2019 | 12:16 AM

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COMPANYNEWS
Majestic Auto posts Q4 net profit of Rs 18.31 cr
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Published on 04-19-2019
The company reported standalone net profit during the quarter stood at Rs 18.31 crore compared to net loss of Rs 0.97 crore in the previous year quarter.


Net revenue of the company rose three fold by 869.75 per cent at Rs 41.99 crore in January-March quarter of this fiscal as against Rs 4.33 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 498.46 per cent to Rs 19.39 crore from Rs 3.24 crore in year ago period.


Other Income grew by 1.46 per cent at Rs 5.56 crore versus (Mar`18 Rs 5.48 crore).


Operating Profit surged by 1973.39 per cent to Rs 22.60 crore as against Rs 1.09 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 114.17 per cent in March quarter.


Interest declined by 43.09 per cent y-o-y to Rs 1.40 crore while Taxation increased by 719.05 per cent at Rs -1.72 crore (Mar`18 Rs -0.21 crore).