21 Oct 2020 | 4:08 PM


Rishi Techtex Q4 net profit down 42.86% at Rs 0.72 cr
  Rishi Techtex Ltd. | 17 Jan 2020 | 10:49 AM
Published on 05-28-2019
The company reported standalone net profit of Rs 0.72 crore for the quarter ended March 31 2019 as compared to Rs 1.26 crore in the same period last year registering a year-on-year decline of 42.86 per cent.

Net revenue of the company rose moderately by 8.96 per cent at Rs 23.95 crore in January-March quarter of this fiscal as against Rs 21.98 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 10.06 per cent to Rs 21.67 crore from Rs 19.69 crore in year ago period.

Other Income grew by 33.33 per cent at Rs 0.08 crore versus (Mar`18 Rs 0.06 crore).

Operating Profit surged by 0.00 per cent to Rs 2.28 crore as against Rs 2.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 8.46 per cent in March quarter.

Interest grew by 31.11 per cent y-o-y to Rs 0.59 crore while Taxation increased by 86.67 per cent at Rs 0.56 crore (Mar`18 Rs 0.30 crore).