27 May 2019 | 12:31 AM

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COMPANYNEWS
VTM Q4 net profit up 38.26% at Rs 1.59 cr
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Published on 04-22-2019
The company reported standalone net profit of Rs 1.59 crore for the quarter ended March 31 2019 as compared to Rs 1.15 crore in the same period last year registering a year-on-year growth of 38.26 per cent.


Net revenue of the company rose marginally by 2.44 per cent at Rs 44.96 crore in January-March quarter of this fiscal as against Rs 43.89 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 2.28 per cent to Rs 41.78 crore from Rs 40.85 crore in year ago period.


Other Income dipped by 37.14 per cent at Rs 0.66 crore versus (Mar`18 Rs 1.05 crore).


Operating Profit surged by 4.93 per cent to Rs 3.19 crore as against Rs 3.04 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2.46 per cent in March quarter.


Interest grew by 33.33 per cent y-o-y to Rs 0.28 crore while Taxation decreased by 88.54 per cent at Rs 0.18 crore (Mar`18 Rs 1.57 crore).