17 Jun 2019 | 5:08 AM

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COMPANYNEWS
Max Ventures and Ind posts Q4 net profit of Rs 3.87 cr
  Max Ventures and Industries Ltd. | 14 Jun 2019 | 04:01 PM
Published on 05-22-2019
The company reported standalone net profit during the quarter stood at Rs 3.87 crore compared to net loss of Rs 5.15 crore in the previous year quarter.


Net revenue of the company rose moderately by 17.24 per cent at Rs 7.82 crore in January-March quarter of this fiscal as against Rs 6.67 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 54.52 per cent to Rs 5.78 crore from Rs 12.71 crore in year ago period.


Other Income grew by 728.57 per cent at Rs 1.74 crore versus (Mar`18 Rs 0.21 crore).


Operating Profit surged by 133.77 per cent to Rs 2.04 crore as against Rs -6.04 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 128.88 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation decreased by 80.28 per cent at Rs -0.14 crore (Mar`18 Rs -0.71 crore).