13 Jul 2020 | 3:42 AM

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COMPANYNEWS
Archidply Industries posts Q4 net profit of Rs 0.59 cr
  Archidply Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 05-16-2019
The company reported standalone net profit during the quarter stood at Rs 0.59 crore compared to net loss of Rs 3.17 crore in the previous year quarter.


Net revenue of the company rose moderately by 7.66 per cent at Rs 86.91 crore in January-March quarter of this fiscal as against Rs 80.73 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 1.93 per cent to Rs 82.72 crore from Rs 81.15 crore in year ago period.


Other Income dipped by 71.43 per cent at Rs 0.28 crore versus (Mar`18 Rs 0.98 crore).


Operating Profit surged by 1074.42 per cent to Rs 4.19 crore as against Rs -0.43 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1009.43 per cent in March quarter.


Interest declined by 4.96 per cent y-o-y to Rs 2.30 crore while Taxation decreased by 68.18 per cent at Rs -0.07 crore (Mar`18 Rs -0.22 crore).