09 Dec 2019 | 6:12 AM

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Murudeshwar Cer. Q4 net profit down 51.37% at Rs 1.24 cr
  Murudeshwar Ceramics Ltd. | 06 Dec 2019 | 03:43 PM
Published on 05-29-2019
The company reported standalone net profit of Rs 1.24 crore for the quarter ended March 31 2019 as compared to Rs 2.55 crore in the same period last year registering a year-on-year decline of 51.37 per cent.


Net revenue of the company rose moderately by 12.02 per cent at Rs 45.77 crore in January-March quarter of this fiscal as against Rs 40.86 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 27.82 per cent to Rs 39.79 crore from Rs 31.13 crore in year ago period.


Other Income dipped by 6.12 per cent at Rs 0.92 crore versus (Mar`18 Rs 0.98 crore).


Operating Profit slipped by 38.54 per cent to Rs 5.98 crore as against Rs 9.73 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 45.15 per cent in March quarter.


Interest declined by 47.67 per cent y-o-y to Rs 2.81 crore while Taxation decreased by 13.75 per cent at Rs 0.69 crore (Mar`18 Rs 0.80 crore).