15 Aug 2020 | 1:09 AM

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COMPANYNEWS
Bhagyanagar India Lt Q1 net profit down 36.92% at Rs 1.23 cr
  Bhagyanagar India Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-08-2019
The company reported standalone net profit of Rs 1.23 crore for the quarter ended June 30 2019 as compared to Rs 1.95 crore in the same period last year registering a year-on-year decline of 36.92 per cent.


Net revenue of the company declined marginally by 1.98 per cent at Rs 126.43 crore in April-June quarter of this fiscal as against Rs 128.98 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 2.01 per cent to Rs 122.40 crore from Rs 124.91 crore in year ago period.


Other Income grew by 63.64 per cent at Rs 0.36 crore versus (Jun`18 Rs 0.22 crore).


Operating Profit slipped by 0.98 per cent to Rs 4.03 crore as against Rs 4.07 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.27 per cent in June quarter.


Interest grew by 91.00 per cent y-o-y to Rs 1.91 crore while Taxation decreased by 34.04 per cent at Rs 0.31 crore (Jun`18 Rs 0.47 crore).