27 Jun 2019 | 1:20 PM

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COMPANYNEWS
MPS Q4 net profit up 33.27% at Rs 19.67 cr
  MPS Ltd. | 27 Jun 2019 | 01:16 PM
Published on 05-17-2019
The company reported standalone net profit of Rs 19.67 crore for the quarter ended March 31 2019 as compared to Rs 14.76 crore in the same period last year registering a year-on-year growth of 33.27 per cent.


Net revenue of the company declined marginally by 1.13 per cent at Rs 51.58 crore in January-March quarter of this fiscal as against Rs 52.17 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 1.01 per cent to Rs 34.10 crore from Rs 33.76 crore in year ago period.


Other Income grew by 140.44 per cent at Rs 11.95 crore versus (Mar`18 Rs 4.97 crore).


Operating Profit slipped by 5.05 per cent to Rs 17.48 crore as against Rs 18.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.97 per cent in March quarter.


Interest grew by 55.56 per cent y-o-y to Rs 0.14 crore while Taxation increased by 21.70 per cent at Rs 8.30 crore (Mar`18 Rs 6.82 crore).