20 Jul 2019 | 7:14 AM

News

COMPANYNEWS
Sangal Papers Li Q4 net profit down 79.23% at Rs 0.38 cr
  Sangal Papers Ltd. | 19 Jul 2019 | 04:01 PM
Published on 06-01-2019
The company reported standalone net profit of Rs 0.38 crore for the quarter ended March 31 2019 as compared to Rs 1.83 crore in the same period last year registering a year-on-year decline of 79.23 per cent.


Net revenue of the company rose marginally by 2.66 per cent at Rs 35.49 crore in January-March quarter of this fiscal as against Rs 34.57 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 8.76 per cent to Rs 34.90 crore from Rs 32.09 crore in year ago period.


Other Income dipped by 46.34 per cent at Rs 0.22 crore versus (Mar`18 Rs 0.41 crore).


Operating Profit slipped by 76.71 per cent to Rs 0.58 crore as against Rs 2.49 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 77.19 per cent in March quarter.


Interest declined by 11.54 per cent y-o-y to Rs 0.23 crore while Taxation decreased by 123.21 per cent at Rs -0.13 crore (Mar`18 Rs 0.56 crore).