11 Dec 2019 | 11:02 PM

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COMPANYNEWS
P G Industry Ltd Q1 net profit down 35.29% at Rs 0.11 cr
  P G Industry Ltd. | 10 Dec 2019 | 04:01 PM
Published on 08-16-2019
The company reported standalone net profit of Rs 0.11 crore for the quarter ended June 30 2019 as compared to Rs 0.17 crore in the same period last year registering a year-on-year decline of 35.29 per cent.


Net revenue of the company declined marginally by 4.30 per cent at Rs 9.79 crore in April-June quarter of this fiscal as against Rs 10.23 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 4.27 per cent to Rs 8.74 crore from Rs 9.13 crore in year ago period.


Operating Profit slipped by 4.55 per cent to Rs 1.05 crore as against Rs 1.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.74 per cent in June quarter.


Interest grew by 2.67 per cent y-o-y to Rs 0.77 crore while Taxation decreased by 33.33 per cent at Rs 0.04 crore (Jun`18 Rs 0.06 crore).