25 Jun 2019 | 10:25 PM

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COMPANYNEWS
South India Pape Q4 net profit up 14.64% at Rs 3.68 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 3.68 crore for the quarter ended March 31 2019 as compared to Rs 3.21 crore in the same period last year registering a year-on-year growth of 14.64 per cent.


Net revenue of the company rose marginally by 2.69 per cent at Rs 57.60 crore in January-March quarter of this fiscal as against Rs 56.09 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 1.42 per cent to Rs 49.92 crore from Rs 49.22 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.24 crore versus (Mar`18 Rs 0.12 crore).


Operating Profit surged by 11.79 per cent to Rs 7.68 crore as against Rs 6.87 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.73 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 1.05 crore while Taxation decreased by 14.89 per cent at Rs 0.80 crore (Mar`18 Rs 0.94 crore).