27 May 2019 | 12:17 AM

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COMPANYNEWS
Shanthi Gears Q4 net profit down 37.53% at Rs 6.01 cr
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Published on 04-29-2019
The company reported standalone net profit of Rs 6.01 crore for the quarter ended March 31 2019 as compared to Rs 9.62 crore in the same period last year registering a year-on-year decline of 37.53 per cent.


Net revenue of the company rose moderately by 9.67 per cent at Rs 60.10 crore in January-March quarter of this fiscal as against Rs 54.80 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 9.86 per cent to Rs 52.82 crore from Rs 48.08 crore in year ago period.


Other Income dipped by 35.59 per cent at Rs 2.57 crore versus (Mar`18 Rs 3.99 crore).


Operating Profit surged by 8.33 per cent to Rs 7.28 crore as against Rs 6.72 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.22 per cent in March quarter.


Taxation increased by 169.62 per cent at Rs 1.65 crore (Mar`18 Rs -2.37 crore).