25 Jun 2019 | 10:28 PM

News

COMPANYNEWS
Suraj Products Q4 net profit down 59.86% at Rs 1.14 cr
  |
Published on 05-20-2019
The company reported standalone net profit of Rs 1.14 crore for the quarter ended March 31 2019 as compared to Rs 2.84 crore in the same period last year registering a year-on-year decline of 59.86 per cent.


Net revenue of the company rose substantially by 20.38 per cent at Rs 37.39 crore in January-March quarter of this fiscal as against Rs 31.06 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 28.58 per cent to Rs 33.88 crore from Rs 26.35 crore in year ago period.


Other Income grew by 150.00 per cent at Rs 0.10 crore versus (Mar`18 Rs 0.04 crore).


Operating Profit slipped by 25.48 per cent to Rs 3.51 crore as against Rs 4.71 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 38.10 per cent in March quarter.


Interest grew by 19.85 per cent y-o-y to Rs 1.63 crore while Taxation decreased by 33.33 per cent at Rs -0.42 crore (Mar`18 Rs -0.63 crore).