28 May 2020 | 6:41 AM

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Astec Lifesciences L Q4 net profit down 25.73% at Rs 12.70 cr
  Astec Lifesciences Ltd. | 17 Jan 2020 | 10:51 AM
Published on 05-01-2019
The company reported standalone net profit of Rs 12.70 crore for the quarter ended March 31 2019 as compared to Rs 17.10 crore in the same period last year registering a year-on-year decline of 25.73 per cent.

Net revenue of the company rose marginally by 4.21 per cent at Rs 133.76 crore in January-March quarter of this fiscal as against Rs 128.36 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 13.86 per cent to Rs 110.69 crore from Rs 97.22 crore in year ago period.

Other Income grew by 222.47 per cent at Rs 5.74 crore versus (Mar`18 Rs 1.78 crore).

Operating Profit slipped by 25.95 per cent to Rs 23.06 crore as against Rs 31.14 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 28.94 per cent in March quarter.

Interest grew by 36.36 per cent y-o-y to Rs 3.15 crore while Taxation decreased by 21.35 per cent at Rs 7.48 crore (Mar`18 Rs 9.51 crore).