18 Jun 2019 | 3:12 PM

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COMPANYNEWS
Man Infraconstructio Q4 net profit up 27.27% at Rs 15.03 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 15.03 crore for the quarter ended March 31 2019 as compared to Rs 11.81 crore in the same period last year registering a year-on-year growth of 27.27 per cent.


Net revenue of the company declined substantially by 34.79 per cent at Rs 40.92 crore in January-March quarter of this fiscal as against Rs 62.75 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 30.14 per cent to Rs 37.80 crore from Rs 54.11 crore in year ago period.


Other Income grew by 22.85 per cent at Rs 19.84 crore versus (Mar`18 Rs 16.15 crore).


Operating Profit slipped by 63.89 per cent to Rs 3.12 crore as against Rs 8.64 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 44.66 per cent in March quarter.


Interest grew by 78.72 per cent y-o-y to Rs 0.84 crore while Taxation decreased by 46.54 per cent at Rs 6.03 crore (Mar`18 Rs 11.28 crore).