25 Jun 2019 | 10:29 PM


Sambandam Spinni posts Q4 net profit of Rs 0.03 cr
Published on 05-27-2019
The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 0.50 crore in the previous year quarter.

Net revenue of the company declined substantially by 21.08 per cent at Rs 44.78 crore in January-March quarter of this fiscal as against Rs 56.74 crore in the corresponding period last year.

During January-March quarter operating expenses dropped by 19.91 per cent to Rs 40.35 crore from Rs 50.38 crore in year ago period.

Other Income dipped by 57.32 per cent at Rs 0.35 crore versus (Mar`18 Rs 0.82 crore).

Operating Profit slipped by 30.35 per cent to Rs 4.43 crore as against Rs 6.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 11.78 per cent in March quarter.

Interest declined by 21.09 per cent y-o-y to Rs 2.02 crore while Taxation increased by 134.48 per cent at Rs 0.10 crore (Mar`18 Rs -0.29 crore).