09 Aug 2020 | 2:17 AM

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COMPANYNEWS
DCM Shriram In Q1 net profit down 28.30% at Rs 16.67 cr
  DCM Shriram Industries Ltd. | 17 Jan 2020 | 10:48 AM
Published on 08-13-2019
The company reported standalone net profit of Rs 16.67 crore for the quarter ended June 30 2019 as compared to Rs 23.25 crore in the same period last year registering a year-on-year decline of 28.30 per cent.


Net revenue of the company declined moderately by 13.73 per cent at Rs 393.52 crore in April-June quarter of this fiscal as against Rs 456.16 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 15.57 per cent to Rs 360.91 crore from Rs 427.47 crore in year ago period.


Other Income dipped by 36.23 per cent at Rs 4.19 crore versus (Jun`18 Rs 6.57 crore).


Operating Profit surged by 0.43 per cent to Rs 37.24 crore as against Rs 37.08 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 16.36 per cent in June quarter.


Interest grew by 35.91 per cent y-o-y to Rs 10.56 crore while Taxation increased by 14.82 per cent at Rs 8.60 crore (Jun`18 Rs 7.49 crore).