25 Jun 2019 | 10:22 PM

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COMPANYNEWS
Patels Airtemp Q4 net profit down 19.30% at Rs 2.55 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 2.55 crore for the quarter ended March 31 2019 as compared to Rs 3.16 crore in the same period last year registering a year-on-year decline of 19.30 per cent.


Net revenue of the company declined moderately by 12.60 per cent at Rs 48.90 crore in January-March quarter of this fiscal as against Rs 55.95 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 12.69 per cent to Rs 43.08 crore from Rs 49.34 crore in year ago period.


Other Income dipped by 161.54 per cent at Rs -0.08 crore versus (Mar`18 Rs 0.13 crore).


Operating Profit slipped by 11.95 per cent to Rs 5.82 crore as against Rs 6.61 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.76 per cent in March quarter.


Interest declined by 17.92 per cent y-o-y to Rs 1.42 crore while Taxation decreased by 8.40 per cent at Rs 1.09 crore (Mar`18 Rs 1.19 crore).