20 Jun 2019 | 3:48 PM

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COMPANYNEWS
Winsome Textile posts Q4 net profit of Rs 5.01 cr
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Published on 05-21-2019
The company reported standalone net profit during the quarter stood at Rs 5.01 crore compared to net loss of Rs 3.87 crore in the previous year quarter.


Net revenue of the company rose moderately by 8.62 per cent at Rs 179.71 crore in January-March quarter of this fiscal as against Rs 165.45 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 9.09 per cent to Rs 170.60 crore from Rs 156.38 crore in year ago period.


Other Income dipped by 31.33 per cent at Rs 0.57 crore versus (Mar`18 Rs 0.83 crore).


Operating Profit surged by 13.57 per cent to Rs 16.24 crore as against Rs 14.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.63 per cent in March quarter.


Interest declined by 20.69 per cent y-o-y to Rs 10.16 crore while Taxation decreased by 42100.00 per cent at Rs -4.20 crore (Mar`18 Rs 0.01 crore).