23 Jul 2019 | 3:27 PM

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COMPANYNEWS
Shree Surgovind Q4 net profit down 72.57% at Rs 0.65 cr
  RR Metalmakers India Ltd. | 23 Jul 2019 | 02:44 PM
Published on 05-29-2018
The company reported standalone net profit of Rs 0.65 crore for the quarter ended March 31 2018 as compared to Rs 2.37 crore in the same period last year registering a year-on-year decline of 72.57 per cent.


Net revenue of the company declined substantially by 67.46 per cent at Rs 14.80 crore in January-March quarter of this fiscal as against Rs 45.48 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 67.69 per cent to Rs 13.52 crore from Rs 41.84 crore in year ago period.


Other Income dipped by 266.67 per cent at Rs -0.05 crore versus (Mar'17 Rs 0.03 crore).


Operating Profit slipped by 64.84 per cent to Rs 1.28 crore as against Rs 3.64 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.88 per cent in March quarter.


Interest declined by 47.95 per cent y-o-y to Rs 0.38 crore while Taxation decreased by 67.92 per cent at Rs 0.17 crore (Mar'17 Rs 0.53 crore).