07 Dec 2019 | 10:12 AM

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Moryo Industries Q4 net profit zooms 1066.67% at Rs 1.05 cr
  Moryo Industries Ltd. | 06 Dec 2019 | 03:41 PM
Published on 05-30-2018
The company reported standalone net profit of Rs 1.05 crore for the quarter ended March 31 2018 as compared to Rs 0.09 crore in the same period last year registering a year-on-year growth of 1066.67 per cent.


Net revenue of the company declined substantially by 56.25 per cent at Rs 1.19 crore in January-March quarter of this fiscal as against Rs 2.72 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 94.98 per cent to Rs 0.12 crore from Rs 2.39 crore in year ago period.


Operating Profit surged by 224.24 per cent to Rs 1.07 crore as against Rs 0.33 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 650.88 per cent in March quarter.


Taxation decreased by 91.30 per cent at Rs 0.02 crore (Mar'17 Rs 0.23 crore).