25 Jun 2019 | 10:30 PM

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COMPANYNEWS
Shaily Engineering P Q4 net profit down 51.18% at Rs 3.51 cr
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Published on 05-20-2019
The company reported standalone net profit of Rs 3.51 crore for the quarter ended March 31 2019 as compared to Rs 7.19 crore in the same period last year registering a year-on-year decline of 51.18 per cent.


Net revenue of the company declined moderately by 15.32 per cent at Rs 77.36 crore in January-March quarter of this fiscal as against Rs 91.36 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 14.79 per cent to Rs 65.96 crore from Rs 77.41 crore in year ago period.


Other Income dipped by 29.03 per cent at Rs 0.44 crore versus (Mar`18 Rs 0.62 crore).


Operating Profit slipped by 18.34 per cent to Rs 11.40 crore as against Rs 13.96 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.53 per cent in March quarter.


Interest grew by 47.13 per cent y-o-y to Rs 2.56 crore while Taxation decreased by 32.96 per cent at Rs 1.81 crore (Mar`18 Rs 2.70 crore).