16 Jul 2019 | 6:38 PM

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COMPANYNEWS
Star Cement Q4 net profit up 8.79% at Rs 66.37 cr
  Star Cement Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-07-2019
The company reported standalone net profit of Rs 66.37 crore for the quarter ended March 31 2019 as compared to Rs 61.01 crore in the same period last year registering a year-on-year growth of 8.79 per cent.


Net revenue of the company rose moderately by 6.20 per cent at Rs 501.88 crore in January-March quarter of this fiscal as against Rs 472.56 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 8.57 per cent to Rs 415.08 crore from Rs 382.32 crore in year ago period.


Other Income dipped by 2.88 per cent at Rs 2.36 crore versus (Mar`18 Rs 2.43 crore).


Operating Profit slipped by 3.82 per cent to Rs 86.80 crore as against Rs 90.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 9.42 per cent in March quarter.


Interest declined by 37.10 per cent y-o-y to Rs 4.90 crore while Taxation increased by 41.42 per cent at Rs 8.98 crore (Mar`18 Rs 6.35 crore).