24 Oct 2020 | 3:05 AM

News

COMPANYNEWS
Rishi Techtex Q1 net profit down 25.68% at Rs 0.55 cr
  Rishi Techtex Ltd. | 17 Jan 2020 | 10:49 AM
Published on 08-10-2019
The company reported standalone net profit of Rs 0.55 crore for the quarter ended June 30 2019 as compared to Rs 0.74 crore in the same period last year registering a year-on-year decline of 25.68 per cent.


Net revenue of the company declined by 5.81 per cent at Rs 18.63 crore in April-June quarter of this fiscal as against Rs 19.78 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 5.23 per cent to Rs 16.84 crore from Rs 17.77 crore in year ago period.


Operating Profit slipped by 11.44 per cent to Rs 1.78 crore as against Rs 2.01 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 5.71 per cent in June quarter.


Interest grew by 20.00 per cent y-o-y to Rs 0.60 crore while Taxation decreased by 22.58 per cent at Rs 0.24 crore (Jun`18 Rs 0.31 crore).