21 Oct 2020 | 4:44 PM

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COMPANYNEWS
ASI Industries Q1 net profit down 38.90% at Rs 5.34 cr
  ASI Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-12-2019
The company reported standalone net profit of Rs 5.34 crore for the quarter ended June 30 2019 as compared to Rs 8.74 crore in the same period last year registering a year-on-year decline of 38.90 per cent.


Net revenue of the company declined moderately by 12.27 per cent at Rs 43.60 crore in April-June quarter of this fiscal as against Rs 49.70 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 6.79 per cent to Rs 33.21 crore from Rs 35.63 crore in year ago period.


Other Income dipped by 58.11 per cent at Rs 0.62 crore versus (Jun`18 Rs 1.48 crore).


Operating Profit slipped by 26.03 per cent to Rs 10.40 crore as against Rs 14.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.76 per cent in June quarter.


Interest grew by 8.42 per cent y-o-y to Rs 2.06 crore while Taxation decreased by 39.09 per cent at Rs 2.15 crore (Jun`18 Rs 3.53 crore).