17 Jul 2019 | 6:44 AM

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COMPANYNEWS
Star Cement Q3 net profit down 5.42% at Rs 56.14 cr
  Star Cement Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-04-2019
The company reported standalone net profit of Rs 56.14 crore for the quarter ended December 31 2018 as compared to Rs 59.36 crore in the same period last year registering a year-on-year decline of 5.42 per cent.


Net revenue of the company rose moderately by 17.24 per cent at Rs 401.76 crore in October-December quarter of this fiscal as against Rs 342.67 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 23.08 per cent to Rs 320.71 crore from Rs 260.56 crore in year ago period.


Other Income grew by 88.24 per cent at Rs 0.32 crore versus (Dec`17 Rs 0.17 crore).


Operating Profit slipped by 4.97 per cent to Rs 81.06 crore as against Rs 85.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.92 per cent in December quarter.


Interest declined by 58.50 per cent y-o-y to Rs 4.66 crore while Taxation increased by 206.90 per cent at Rs 8.90 crore (Dec`17 Rs 2.90 crore).