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Elegant Marbles Q1 net profit down 52.38% at Rs 0.40 cr
  Elegant Marbles & Grani Industries Ltd. | 15 Jan 2020 | 04:01 PM
Published on 08-09-2019
The company reported standalone net profit of Rs 0.40 crore for the quarter ended June 30 2019 as compared to Rs 0.84 crore in the same period last year registering a year-on-year decline of 52.38 per cent.


Net revenue of the company declined substantially by 43.73 per cent at Rs 3.32 crore in April-June quarter of this fiscal as against Rs 5.90 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 40.60 per cent to Rs 3.19 crore from Rs 5.37 crore in year ago period.


Other Income dipped by 25.86 per cent at Rs 0.43 crore versus (Jun`18 Rs 0.58 crore).


Operating Profit slipped by 75.47 per cent to Rs 0.13 crore as against Rs 0.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 55.88 per cent in June quarter.


Taxation decreased by 45.83 per cent at Rs 0.13 crore (Jun`18 Rs 0.24 crore).