16 Dec 2019 | 11:06 AM

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COMPANYNEWS
Phoenix Intl. posts Q4 net profit of Rs 1.56 cr
  Phoenix International Ltd. | 16 Dec 2019 | 10:52 AM
Published on 05-31-2019
The company reported standalone net profit during the quarter stood at Rs 1.56 crore compared to net loss of Rs 0.91 crore in the previous year quarter.


Net revenue of the company declined by 0.10 per cent at Rs 10.22 crore in January-March quarter of this fiscal as against Rs 10.23 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 45.88 per cent to Rs 6.90 crore from Rs 4.73 crore in year ago period.


Other Income grew by 461.11 per cent at Rs 2.02 crore versus (Mar`18 Rs 0.36 crore).


Operating Profit slipped by 39.64 per cent to Rs 3.32 crore as against Rs 5.50 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 39.61 per cent in March quarter.


Interest declined by 8.71 per cent y-o-y to Rs 2.83 crore while Taxation decreased by 84.48 per cent at Rs 0.09 crore (Mar`18 Rs 0.58 crore).