25 Sep 2020 | 8:13 AM


Lloyds Steels Ind. Q1 net profit down 11.76% at Rs 1.50 cr
  Lloyds Steels Industries Ltd. | 17 Jan 2020 | 10:50 AM
Published on 07-29-2019
The company reported standalone net profit of Rs 1.50 crore for the quarter ended June 30 2019 as compared to Rs 1.70 crore in the same period last year registering a year-on-year decline of 11.76 per cent.

Net revenue of the company rose triple digit by 107.74 per cent at Rs 33.03 crore in April-June quarter of this fiscal as against Rs 15.90 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 105.84 per cent to Rs 33.12 crore from Rs 16.09 crore in year ago period.

Other Income dipped by 12.56 per cent at Rs 1.95 crore versus (Jun`18 Rs 2.23 crore).

Operating Profit slipped by 52.63 per cent to Rs -0.09 crore as against Rs -0.19 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 76.47 per cent in June quarter.

Interest grew by 12.50 per cent y-o-y to Rs 0.09 crore