27 May 2019 | 12:26 AM

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COMPANYNEWS
Reliance NipLifeAML Q4 net profit down 5.27% at Rs 144.93 cr
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Published on 04-29-2019
The company reported standalone net profit of Rs 144.93 crore for the quarter ended March 31 2019 as compared to Rs 153.00 crore in the same period last year registering a year-on-year decline of 5.27 per cent.


Net revenue of the company declined substantially by 21.37 per cent at Rs 323.94 crore in January-March quarter of this fiscal as against Rs 412.00 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 32.20 per cent to Rs 189.85 crore from Rs 280.00 crore in year ago period.


Other Income dipped by 27.06 per cent at Rs 56.16 crore versus (Mar`18 Rs 77.00 crore).


Operating Profit surged by 1.58 per cent to Rs 134.09 crore as against Rs 132.00 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 29.18 per cent in March quarter.


Taxation increased by 28.54 per cent at Rs 61.70 crore (Mar`18 Rs 48.00 crore).