20 Jun 2019 | 1:12 AM

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COMPANYNEWS
Makers Lab. Q4 net profit down 2.47% at Rs 0.79 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 0.79 crore for the quarter ended March 31 2019 as compared to Rs 0.81 crore in the same period last year registering a year-on-year decline of 2.47 per cent.


Net revenue of the company declined substantially by 41.04 per cent at Rs 7.96 crore in January-March quarter of this fiscal as against Rs 13.50 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 40.21 per cent to Rs 7.48 crore from Rs 12.51 crore in year ago period.


Other Income grew by 115.56 per cent at Rs 0.97 crore versus (Mar`18 Rs 0.45 crore).


Operating Profit slipped by 51.52 per cent to Rs 0.48 crore as against Rs 0.99 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.50 per cent in March quarter.


Interest declined by 70.00 per cent y-o-y to Rs 0.03 crore while Taxation increased by 92.31 per cent at Rs 0.25 crore (Mar`18 Rs 0.13 crore).