25 Apr 2019 | 8:12 PM

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COMPANYNEWS
Reliance Ind.Inf Q4 net profit down 26.38% at Rs 1.87 cr
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Published on 04-16-2019
The company reported standalone net profit of Rs 1.87 crore for the quarter ended March 31 2019 as compared to Rs 2.54 crore in the same period last year registering a year-on-year decline of 26.38 per cent.


Net revenue of the company declined moderately by 11.54 per cent at Rs 20.92 crore in January-March quarter of this fiscal as against Rs 23.65 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 8.50 per cent to Rs 18.30 crore from Rs 20.00 crore in year ago period.


Other Income grew by 5.03 per cent at Rs 3.76 crore versus (Mar`18 Rs 3.58 crore).


Operating Profit slipped by 28.02 per cent to Rs 2.62 crore as against Rs 3.64 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.64 per cent in March quarter.


Taxation decreased by 19.01 per cent at Rs 0.98 crore (Mar`18 Rs 1.21 crore).