07 Dec 2019 | 10:55 PM

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Murudeshwar Cer. Q1 net profit up 23.73% at Rs 0.73 cr
  Murudeshwar Ceramics Ltd. | 06 Dec 2019 | 03:43 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 0.73 crore for the quarter ended June 30 2019 as compared to Rs 0.59 crore in the same period last year registering a year-on-year growth of 23.73 per cent.


Net revenue of the company rose marginally by 2.82 per cent at Rs 25.49 crore in April-June quarter of this fiscal as against Rs 24.79 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 8.42 per cent to Rs 19.18 crore from Rs 17.69 crore in year ago period.


Other Income grew by 250.00 per cent at Rs 0.21 crore versus (Jun`18 Rs 0.06 crore).


Operating Profit slipped by 11.13 per cent to Rs 6.31 crore as against Rs 7.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 13.51 per cent in June quarter.


Interest declined by 23.97 per cent y-o-y to Rs 3.14 crore while Taxation increased by 18.75 per cent at Rs 0.19 crore (Jun`18 Rs 0.16 crore).