25 Jun 2019 | 10:26 PM

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COMPANYNEWS
Prima Plastics L Q4 net profit down 24.92% at Rs 2.50 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 2.50 crore for the quarter ended March 31 2019 as compared to Rs 3.33 crore in the same period last year registering a year-on-year decline of 24.92 per cent.


Net revenue of the company rose moderately by 15.75 per cent at Rs 32.41 crore in January-March quarter of this fiscal as against Rs 28.00 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 20.93 per cent to Rs 31.26 crore from Rs 25.85 crore in year ago period.


Other Income dipped by 2.50 per cent at Rs 3.12 crore versus (Mar`18 Rs 3.20 crore).


Operating Profit slipped by 46.51 per cent to Rs 1.15 crore as against Rs 2.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 53.78 per cent in March quarter.


Interest grew by 28.85 per cent y-o-y to Rs 0.67 crore while Taxation decreased by 46.30 per cent at Rs 0.58 crore (Mar`18 Rs 1.08 crore).