27 May 2019 | 12:22 AM

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COMPANYNEWS
Shriram City Uni Q4 net profit zooms 434.39% at Rs 251.27 cr
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Published on 04-25-2019
The company reported standalone net profit of Rs 251.27 crore for the quarter ended March 31 2019 as compared to Rs 47.02 crore in the same period last year registering a year-on-year growth of 434.39 per cent.


Net revenue of the company rose moderately by 15.64 per cent at Rs 1437.16 crore in January-March quarter of this fiscal as against Rs 1242.79 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 25.90 per cent to Rs 540.15 crore from Rs 728.93 crore in year ago period.


Other Income dipped by 20.79 per cent at Rs 0.80 crore versus (Mar`18 Rs 1.01 crore).


Operating Profit surged by 74.56 per cent to Rs 897.01 crore as against Rs 513.86 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 50.96 per cent in March quarter.


Interest grew by 15.86 per cent y-o-y to Rs 499.33 crore while Taxation increased by 389.52 per cent at Rs 139.66 crore (Mar`18 Rs 28.53 crore).