25 Jun 2019 | 10:26 PM

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COMPANYNEWS
Triveni Turbine Q4 net profit down 40.61% at Rs 23.34 cr
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Published on 05-21-2019
The company reported standalone net profit of Rs 23.34 crore for the quarter ended March 31 2019 as compared to Rs 39.30 crore in the same period last year registering a year-on-year decline of 40.61 per cent.


Net revenue of the company declined marginally by 1.16 per cent at Rs 237.08 crore in January-March quarter of this fiscal as against Rs 239.86 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 11.10 per cent to Rs 199.85 crore from Rs 179.88 crore in year ago period.


Other Income grew by 43.08 per cent at Rs 5.48 crore versus (Mar`18 Rs 3.83 crore).


Operating Profit slipped by 37.93 per cent to Rs 37.23 crore as against Rs 59.98 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 37.23 per cent in March quarter.


Interest grew by 7300.00 per cent y-o-y to Rs 0.74 crore while Taxation decreased by 30.26 per cent at Rs 13.37 crore (Mar`18 Rs 19.17 crore).