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Indsil Hydro Power a Q1 net profit down 86.16% at Rs 0.22 cr
  Indsil Hydro Power and Manganese Ltd. | 17 Jan 2020 | 10:45 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 0.22 crore for the quarter ended June 30 2019 as compared to Rs 1.59 crore in the same period last year registering a year-on-year decline of 86.16 per cent.


Net revenue of the company declined substantially by 37.18 per cent at Rs 40.18 crore in April-June quarter of this fiscal as against Rs 63.96 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 36.18 per cent to Rs 37.35 crore from Rs 58.52 crore in year ago period.


Other Income grew by 106.53 per cent at Rs 4.11 crore versus (Jun`18 Rs 1.99 crore).


Operating Profit slipped by 47.98 per cent to Rs 2.83 crore as against Rs 5.44 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.16 per cent in June quarter.


Interest grew by 13.36 per cent y-o-y to Rs 5.09 crore while Taxation increased by 138.89 per cent at Rs 0.07 crore (Jun`18 Rs -0.18 crore).