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Everest Kanto Cylind Q1 net profit down 26.49% at Rs 3.94 cr
  Everest Kanto Cylinder Ltd. | 17 Jan 2020 | 10:49 AM
Published on 08-23-2019
The company reported standalone net profit of Rs 3.94 crore for the quarter ended June 30 2019 as compared to Rs 5.36 crore in the same period last year registering a year-on-year decline of 26.49 per cent.


Net revenue of the company rose marginally by 2.83 per cent at Rs 104.75 crore in April-June quarter of this fiscal as against Rs 101.87 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 7.68 per cent to Rs 90.15 crore from Rs 83.72 crore in year ago period.


Other Income dipped by 60.94 per cent at Rs 1.16 crore versus (Jun`18 Rs 2.97 crore).


Operating Profit slipped by 19.56 per cent to Rs 14.60 crore as against Rs 18.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 21.77 per cent in June quarter.


Interest declined by 10.39 per cent y-o-y to Rs 6.21 crore while Taxation increased by 38.71 per cent at Rs 2.15 crore (Jun`18 Rs 1.55 crore).