24 Jul 2019 | 10:57 AM


Remsons Industri Q4 net profit down 79.84% at Rs 0.51 cr
  Remsons Industries Ltd. | 24 Jul 2019 | 10:29 AM
Published on 05-30-2019
The company reported standalone net profit of Rs 0.51 crore for the quarter ended March 31 2019 as compared to Rs 2.53 crore in the same period last year registering a year-on-year decline of 79.84 per cent.

Net revenue of the company rose marginally by 2.64 per cent at Rs 36.99 crore in January-March quarter of this fiscal as against Rs 36.04 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 7.18 per cent to Rs 35.24 crore from Rs 32.88 crore in year ago period.

Other Income dipped by 68.13 per cent at Rs 0.29 crore versus (Mar`18 Rs 0.91 crore).

Operating Profit slipped by 44.62 per cent to Rs 1.75 crore as against Rs 3.16 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 46.24 per cent in March quarter.

Interest declined by 6.90 per cent y-o-y to Rs 0.54 crore while Taxation decreased by 28.57 per cent at Rs 0.25 crore (Mar`18 Rs 0.35 crore).