21 Jan 2020 | 11:59 PM

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COMPANYNEWS
AIA Engineering Q1 net profit down 20.93% at Rs 83.41 cr
  AIA Engineering Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-12-2019
The company reported standalone net profit of Rs 83.41 crore for the quarter ended June 30 2019 as compared to Rs 105.49 crore in the same period last year registering a year-on-year decline of 20.93 per cent.


Net revenue of the company declined moderately by 11.65 per cent at Rs 582.64 crore in April-June quarter of this fiscal as against Rs 659.47 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 7.75 per cent to Rs 485.85 crore from Rs 526.66 crore in year ago period.


Other Income grew by 82.58 per cent at Rs 32.92 crore versus (Jun`18 Rs 18.03 crore).


Operating Profit slipped by 25.85 per cent to Rs 116.30 crore as against Rs 156.85 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 16.06 per cent in June quarter.


Interest declined by 21.97 per cent y-o-y to Rs 1.35 crore while Taxation decreased by 19.52 per cent at Rs 41.32 crore (Jun`18 Rs 51.34 crore).