24 Jul 2019 | 4:21 AM


Veto Switchgears & C Q4 net profit down 73.86% at Rs 1.38 cr
Published on 05-22-2019
The company reported standalone net profit of Rs 1.38 crore for the quarter ended March 31 2019 as compared to Rs 5.28 crore in the same period last year registering a year-on-year decline of 73.86 per cent.

Net revenue of the company declined substantially by 29.24 per cent at Rs 30.69 crore in January-March quarter of this fiscal as against Rs 43.37 crore in the corresponding period last year.

During January-March quarter operating expenses dropped by 21.46 per cent to Rs 27.01 crore from Rs 34.39 crore in year ago period.

Other Income grew by 58.23 per cent at Rs 1.25 crore versus (Mar`18 Rs 0.79 crore).

Operating Profit slipped by 58.91 per cent to Rs 3.69 crore as against Rs 8.98 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 41.98 per cent in March quarter.

Interest grew by 23.66 per cent y-o-y to Rs 1.15 crore while Taxation decreased by 37.30 per cent at Rs 2.00 crore (Mar`18 Rs 3.19 crore).