20 Jul 2019 | 7:56 PM

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COMPANYNEWS
Stratmont Industries Q4 net profit down 96.97% at Rs 0.01 cr
  Stratmont Industries Ltd. | 28 Jun 2019 | 03:41 PM
Published on 06-03-2019
The company reported standalone net profit of Rs 0.01 crore for the quarter ended March 31 2019 as compared to Rs 0.33 crore in the same period last year registering a year-on-year decline of 96.97 per cent.


Net revenue of the company declined moderately by 9.94 per cent at Rs 10.51 crore in January-March quarter of this fiscal as against Rs 11.67 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 11.23 per cent to Rs 10.51 crore from Rs 11.84 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Mar`18 Rs 0.00 crore).


Operating Profit surged by 105.88 per cent to Rs 0.01 crore as against Rs -0.17 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 104.20 per cent in March quarter.