20 Jul 2019 | 1:10 AM

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COMPANYNEWS
OCL Iron & Steel posts Q4 net profit of Rs 29.57 cr
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Published on 06-17-2019
The company reported standalone net profit during the quarter stood at Rs 29.57 crore compared to net loss of Rs 107.13 crore in the previous year quarter.


Net revenue of the company rose by 0.52 per cent at Rs 153.37 crore in January-March quarter of this fiscal as against Rs 152.57 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 30.32 per cent to Rs 136.24 crore from Rs 195.51 crore in year ago period.


Other Income dipped by 73.86 per cent at Rs 0.69 crore versus (Mar`18 Rs 2.64 crore).


Operating Profit surged by 139.89 per cent to Rs 17.13 crore as against Rs -42.94 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 139.68 per cent in March quarter.


Interest declined by 4.91 per cent y-o-y to Rs 49.59 crore while Taxation increased by 510.15 per cent at Rs -36.67 crore (Mar`18 Rs -6.01 crore).