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Igarashi Motors Indi Q1 net profit down 55.94% at Rs 6.12 cr
  Igarashi Motors India Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-08-2019
The company reported standalone net profit of Rs 6.12 crore for the quarter ended June 30 2019 as compared to Rs 13.89 crore in the same period last year registering a year-on-year decline of 55.94 per cent.


Net revenue of the company rose moderately by 18.80 per cent at Rs 131.45 crore in April-June quarter of this fiscal as against Rs 110.65 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 29.50 per cent to Rs 112.30 crore from Rs 86.72 crore in year ago period.


Other Income dipped by 37.45 per cent at Rs 3.24 crore versus (Jun`18 Rs 5.18 crore).


Operating Profit slipped by 19.97 per cent to Rs 19.15 crore as against Rs 23.93 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 32.64 per cent in June quarter.


Interest grew by 295.45 per cent y-o-y to Rs 2.61 crore while Taxation decreased by 59.67 per cent at Rs 3.21 crore (Jun`18 Rs 7.96 crore).