06 Dec 2019 | 7:34 PM

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COMPANYNEWS
Bhilwara Spinner Q4 net profit down 70.71% at Rs 0.29 cr
  Bhilwara Spinners Ltd. | 06 Dec 2019 | 03:34 PM
Published on 05-28-2018
The company reported standalone net profit of Rs 0.29 crore for the quarter ended March 31 2018 as compared to Rs 0.99 crore in the same period last year registering a year-on-year decline of 70.71 per cent.


Net revenue of the company declined substantially by 33.49 per cent at Rs 2.82 crore in January-March quarter of this fiscal as against Rs 4.24 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 42.20 per cent to Rs 2.89 crore from Rs 5.00 crore in year ago period.


Other Income dipped by 31.34 per cent at Rs 0.46 crore versus (Mar'17 Rs 0.67 crore).


Operating Profit slipped by 90.91 per cent to Rs -0.07 crore as against Rs -0.77 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 86.65 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore while Taxation decreased by 75.86 per cent at Rs 0.07 crore (Mar'17 Rs 0.29 crore).