24 Oct 2020 | 3:19 AM

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COMPANYNEWS
Oriental Trimex posts Q4 net profit of Rs 7.59 cr
  Oriental Trimex Ltd. | 16 Jan 2020 | 03:41 PM
Published on 05-31-2018
The company reported standalone net profit during the quarter stood at Rs 7.59 crore compared to net loss of Rs 2.55 crore in the previous year quarter.


Net revenue of the company declined moderately by 8.70 per cent at Rs 23.39 crore in January-March quarter of this fiscal as against Rs 25.62 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 33.32 per cent to Rs 19.25 crore from Rs 28.87 crore in year ago period.


Other Income dipped by 77.39 per cent at Rs 0.26 crore versus (Mar'17 Rs 1.15 crore).


Operating Profit surged by 227.38 per cent to Rs 4.14 crore as against Rs -3.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 239.78 per cent in March quarter.


Interest grew by 50.00 per cent y-o-y to Rs 0.42 crore while Taxation increased by 884.62 per cent at Rs -6.40 crore (Mar'17 Rs -0.65 crore).