25 Jun 2019 | 10:30 PM

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COMPANYNEWS
Sarda Energy & Miner Q4 net profit down 31.05% at Rs 37.91 cr
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Published on 05-25-2019
The company reported standalone net profit of Rs 37.91 crore for the quarter ended March 31 2019 as compared to Rs 54.98 crore in the same period last year registering a year-on-year decline of 31.05 per cent.


Net revenue of the company declined moderately by 10.17 per cent at Rs 350.32 crore in January-March quarter of this fiscal as against Rs 389.99 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 1.31 per cent to Rs 293.05 crore from Rs 296.94 crore in year ago period.


Other Income grew by 79.21 per cent at Rs 16.72 crore versus (Mar`18 Rs 9.33 crore).


Operating Profit slipped by 39.34 per cent to Rs 57.47 crore as against Rs 94.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 32.44 per cent in March quarter.


Interest grew by 1.90 per cent y-o-y to Rs 8.58 crore while Taxation decreased by 26.39 per cent at Rs 15.31 crore (Mar`18 Rs 20.80 crore).