23 Feb 2020 | 5:34 AM

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KNR Constructions Q1 net profit down 35.51% at Rs 47.72 cr
  KNR Constructions Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 47.72 crore for the quarter ended June 30 2019 as compared to Rs 74.00 crore in the same period last year registering a year-on-year decline of 35.51 per cent.


Net revenue of the company declined moderately by 16.49 per cent at Rs 464.60 crore in April-June quarter of this fiscal as against Rs 556.36 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 16.11 per cent to Rs 374.58 crore from Rs 446.50 crore in year ago period.


Other Income dipped by 5.52 per cent at Rs 16.78 crore versus (Jun`18 Rs 17.76 crore).


Operating Profit slipped by 18.06 per cent to Rs 90.02 crore as against Rs 109.86 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.87 per cent in June quarter.


Interest grew by 25.73 per cent y-o-y to Rs 9.04 crore while Taxation increased by 7.20 per cent at Rs 11.17 crore (Jun`18 Rs 10.42 crore).