11 Dec 2019 | 1:38 AM

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Moryo Industries Q4 net profit down 39.05% at Rs 0.64 cr
  Moryo Industries Ltd. | 06 Dec 2019 | 03:41 PM
Published on 05-24-2019
The company reported standalone net profit of Rs 0.64 crore for the quarter ended March 31 2019 as compared to Rs 1.05 crore in the same period last year registering a year-on-year decline of 39.05 per cent.


Net revenue of the company rose substantially by 85.71 per cent at Rs 2.21 crore in January-March quarter of this fiscal as against Rs 1.19 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 1175.00 per cent to Rs 1.53 crore from Rs 0.12 crore in year ago period.


Operating Profit slipped by 36.45 per cent to Rs 0.68 crore as against Rs 1.07 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 65.77 per cent in March quarter.


Taxation increased by 100.00 per cent at Rs 0.04 crore (Mar`18 Rs 0.02 crore).