06 Jul 2020 | 2:16 PM

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RTS Power Corpor Q1 net profit zooms 157.04% at Rs 3.47 cr
  RTS Power Corporation Ltd. | 17 Jan 2020 | 10:50 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 3.47 crore for the quarter ended June 30 2019 as compared to Rs 1.35 crore in the same period last year registering a year-on-year growth of 157.04 per cent.


Net revenue of the company declined moderately by 6.11 per cent at Rs 44.44 crore in April-June quarter of this fiscal as against Rs 47.33 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 11.04 per cent to Rs 38.43 crore from Rs 43.20 crore in year ago period.


Other Income grew by 39.47 per cent at Rs 0.53 crore versus (Jun`18 Rs 0.38 crore).


Operating Profit surged by 46.12 per cent to Rs 6.02 crore as against Rs 4.12 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 55.28 per cent in June quarter.


Interest declined by 54.40 per cent y-o-y to Rs 1.14 crore while Taxation increased by 342.86 per cent at Rs 1.24 crore (Jun`18 Rs 0.28 crore).