29 Nov 2020 | 10:07 AM

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Continental Petr Q4 net profit down 43.14% at Rs 0.29 cr
  Continental Petroleums Ltd. | 17 Jan 2020 | 10:42 AM
Published on 06-03-2019
The company reported standalone net profit of Rs 0.29 crore for the quarter ended March 31 2019 as compared to Rs 0.51 crore in the same period last year registering a year-on-year decline of 43.14 per cent.


Net revenue of the company declined substantially by 43.29 per cent at Rs 8.49 crore in January-March quarter of this fiscal as against Rs 14.97 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 20.44 per cent to Rs 10.94 crore from Rs 13.75 crore in year ago period.


Operating Profit surged by 34.96 per cent to Rs 1.66 crore as against Rs 1.23 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 138.78 per cent in March quarter.


Interest grew by 236.36 per cent y-o-y to Rs 1.11 crore while Taxation decreased by 50.00 per cent at Rs 0.13 crore (Mar`18 Rs 0.26 crore).