23 Jul 2019 | 3:34 PM

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Remsons Industries posts Q4 net profit of Rs 2.53 cr
  Remsons Industries Ltd. | 23 Jul 2019 | 02:14 PM
Published on 05-28-2018
The company reported standalone net profit during the quarter stood at Rs 2.53 crore compared to net loss of Rs 0.60 crore in the previous year quarter.


Net revenue of the company rose substantially by 28.30 per cent at Rs 36.04 crore in January-March quarter of this fiscal as against Rs 28.09 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 15.82 per cent to Rs 32.88 crore from Rs 28.39 crore in year ago period.


Other Income grew by 127.50 per cent at Rs 0.91 crore versus (Mar'17 Rs 0.40 crore).


Operating Profit surged by 1153.33 per cent to Rs 3.16 crore as against Rs -0.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 920.56 per cent in March quarter.


Interest grew by 3.57 per cent y-o-y to Rs 0.58 crore while Taxation increased by 170.00 per cent at Rs 0.35 crore (Mar'17 Rs -0.50 crore).