27 May 2019 | 12:18 AM

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COMPANYNEWS
Mishtann Foods L Q4 net profit zooms 193.10% at Rs 3.40 cr
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Published on 04-29-2019
The company reported standalone net profit of Rs 3.40 crore for the quarter ended March 31 2019 as compared to Rs 1.16 crore in the same period last year registering a year-on-year growth of 193.10 per cent.


Net revenue of the company declined moderately by 7.84 per cent at Rs 123.61 crore in January-March quarter of this fiscal as against Rs 134.12 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 9.64 per cent to Rs 117.04 crore from Rs 129.53 crore in year ago period.


Other Income grew by 25.00 per cent at Rs 0.05 crore versus (Mar`18 Rs 0.04 crore).


Operating Profit surged by 43.45 per cent to Rs 6.57 crore as against Rs 4.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 55.26 per cent in March quarter.


Interest grew by 6.80 per cent y-o-y to Rs 1.10 crore while Taxation decreased by 12.11 per cent at Rs 1.67 crore (Mar`18 Rs 1.90 crore).