19 Sep 2020 | 9:22 PM

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Inani Marbles & Q1 net profit down 91.18% at Rs 0.03 cr
  Inani Marbles & Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.03 crore for the quarter ended June 30 2019 as compared to Rs 0.34 crore in the same period last year registering a year-on-year decline of 91.18 per cent.


Net revenue of the company declined moderately by 15.05 per cent at Rs 8.13 crore in April-June quarter of this fiscal as against Rs 9.57 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 12.55 per cent to Rs 7.18 crore from Rs 8.21 crore in year ago period.


Other Income dipped by 27.78 per cent at Rs 0.13 crore versus (Jun`18 Rs 0.18 crore).


Operating Profit slipped by 30.66 per cent to Rs 0.95 crore as against Rs 1.37 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.32 per cent in June quarter.


Interest declined by 2.50 per cent y-o-y to Rs 0.39 crore while Taxation decreased by 75.00 per cent at Rs 0.04 crore (Jun`18 Rs 0.16 crore).