25 Jun 2019 | 10:28 PM

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COMPANYNEWS
N K Industries L Q4 net profit jumps 96.74% at Rs 5.43 cr
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Published on 05-20-2019
The company reported standalone net profit of Rs 5.43 crore for the quarter ended March 31 2019 as compared to Rs 2.76 crore in the same period last year registering a year-on-year growth of 96.74 per cent.


Net revenue of the company rose three fold by 533.68 per cent at Rs 114.95 crore in January-March quarter of this fiscal as against Rs 18.14 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 720.63 per cent to Rs 117.76 crore from Rs 14.35 crore in year ago period.


Operating Profit slipped by 135.35 per cent to Rs -1.46 crore as against Rs 4.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 105.58 per cent in March quarter.


Taxation increased by 2344.44 per cent at Rs -8.80 crore (Mar`18 Rs -0.36 crore).