21 Oct 2020 | 4:46 PM

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COMPANYNEWS
Forbes & Company Ltd Q4 net profit down 77.51% at Rs 5.12 cr
  Forbes & Company Ltd. | 17 Jan 2020 | 10:45 AM
Published on 05-31-2019
The company reported standalone net profit of Rs 5.12 crore for the quarter ended March 31 2019 as compared to Rs 22.77 crore in the same period last year registering a year-on-year decline of 77.51 per cent.


Net revenue of the company declined substantially by 42.17 per cent at Rs 58.00 crore in January-March quarter of this fiscal as against Rs 100.30 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 31.19 per cent to Rs 51.04 crore from Rs 74.18 crore in year ago period.


Other Income dipped by 10.33 per cent at Rs 1.91 crore versus (Mar`18 Rs 2.13 crore).


Operating Profit slipped by 73.35 per cent to Rs 6.96 crore as against Rs 26.12 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 53.92 per cent in March quarter.


Interest grew by 8.21 per cent y-o-y to Rs 3.03 crore while Taxation decreased by 239.34 per cent at Rs -0.85 crore (Mar`18 Rs 0.61 crore).