17 Jul 2019 | 6:52 AM

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COMPANYNEWS
Modison Metals L Q4 net profit up 0.63% at Rs 6.35 cr
  Modison Metals Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-28-2019
The company reported standalone net profit of Rs 6.35 crore for the quarter ended March 31 2019 as compared to Rs 6.31 crore in the same period last year registering a year-on-year growth of 0.63 per cent.


Net revenue of the company declined by 5.32 per cent at Rs 59.75 crore in January-March quarter of this fiscal as against Rs 63.11 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 8.87 per cent to Rs 49.52 crore from Rs 54.34 crore in year ago period.


Other Income dipped by 59.68 per cent at Rs 0.25 crore versus (Mar`18 Rs 0.62 crore).


Operating Profit surged by 16.65 per cent to Rs 10.23 crore as against Rs 8.77 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.18 per cent in March quarter.


Interest grew by 40.00 per cent y-o-y to Rs 0.63 crore while Taxation increased by 108.13 per cent at Rs 3.33 crore (Mar`18 Rs 1.60 crore).