26 Sep 2020 | 2:08 PM

News

COMPANYNEWS
Euro Leder Fash Q1 net profit up 23.53% at Rs 0.21 cr
  Euro Leder Fashions Ltd. | 03 Sep 2018 | 03:41 PM
Published on 07-25-2019
The company reported standalone net profit of Rs 0.21 crore for the quarter ended June 30 2019 as compared to Rs 0.17 crore in the same period last year registering a year-on-year growth of 23.53 per cent.


Net revenue of the company declined substantially by 42.59 per cent at Rs 11.12 crore in April-June quarter of this fiscal as against Rs 19.37 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 41.94 per cent to Rs 11.53 crore from Rs 19.86 crore in year ago period.


Other Income dipped by 24.81 per cent at Rs 1.00 crore versus (Jun`18 Rs 1.33 crore).


Operating Profit slipped by 16.33 per cent to Rs -0.41 crore as against Rs -0.49 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 45.24 per cent in June quarter.


Interest declined by 69.57 per cent y-o-y to Rs 0.14 crore while Taxation increased by 0.00 per cent at Rs 0.06 crore (Jun`18 Rs 0.06 crore).