05 Dec 2020 | 11:20 AM

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Kaira Can Co. Q1 net profit down 23.40% at Rs 1.44 cr
  Kaira Can Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 1.44 crore for the quarter ended June 30 2019 as compared to Rs 1.88 crore in the same period last year registering a year-on-year decline of 23.40 per cent.


Net revenue of the company rose moderately by 9.56 per cent at Rs 47.11 crore in April-June quarter of this fiscal as against Rs 43.00 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 12.38 per cent to Rs 43.76 crore from Rs 38.94 crore in year ago period.


Other Income grew by 400.00 per cent at Rs 0.10 crore versus (Jun`18 Rs 0.02 crore).


Operating Profit slipped by 17.49 per cent to Rs 3.35 crore as against Rs 4.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.58 per cent in June quarter.


Interest declined by 37.04 per cent y-o-y to Rs 0.17 crore while Taxation decreased by 21.13 per cent at Rs 0.56 crore (Jun`18 Rs 0.71 crore).