27 May 2019 | 12:18 AM

News

COMPANYNEWS
Menon Bearings L Q4 net profit down 0.78% at Rs 5.07 cr
  |
Published on 04-23-2019
The company reported standalone net profit of Rs 5.07 crore for the quarter ended March 31 2019 as compared to Rs 5.11 crore in the same period last year registering a year-on-year decline of 0.78 per cent.


Net revenue of the company rose marginally by 3.02 per cent at Rs 39.87 crore in January-March quarter of this fiscal as against Rs 38.70 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 2.05 per cent to Rs 29.93 crore from Rs 29.33 crore in year ago period.


Other Income dipped by 101.30 per cent at Rs -0.01 crore versus (Mar`18 Rs 0.77 crore).


Operating Profit surged by 5.98 per cent to Rs 9.93 crore as against Rs 9.37 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2.85 per cent in March quarter.


Interest declined by 5.41 per cent y-o-y to Rs 0.70 crore while Taxation decreased by 25.23 per cent at Rs 2.49 crore (Mar`18 Rs 3.33 crore).