24 Oct 2020 | 3:12 AM

News

COMPANYNEWS
Madhav Marbles & Gra Q1 net profit down 52.94% at Rs 0.64 cr
  Madhav Marbles & Granites Ltd. | 17 Jan 2020 | 10:42 AM
Published on 08-10-2019
The company reported standalone net profit of Rs 0.64 crore for the quarter ended June 30 2019 as compared to Rs 1.36 crore in the same period last year registering a year-on-year decline of 52.94 per cent.


Net revenue of the company declined substantially by 24.87 per cent at Rs 14.47 crore in April-June quarter of this fiscal as against Rs 19.26 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 23.37 per cent to Rs 13.74 crore from Rs 17.93 crore in year ago period.


Other Income dipped by 11.29 per cent at Rs 1.65 crore versus (Jun`18 Rs 1.86 crore).


Operating Profit slipped by 45.11 per cent to Rs 0.73 crore as against Rs 1.33 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 26.74 per cent in June quarter.


Interest grew by 6.06 per cent y-o-y to Rs 0.35 crore while Taxation decreased by 51.43 per cent at Rs 0.17 crore (Jun`18 Rs 0.35 crore).