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Samkrg Pistons & Rin Q1 net profit down 20.77% at Rs 4.54 cr
  Samkrg Pistons & Rings Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-07-2019
The company reported standalone net profit of Rs 4.54 crore for the quarter ended June 30 2019 as compared to Rs 5.73 crore in the same period last year registering a year-on-year decline of 20.77 per cent.


Net revenue of the company declined moderately by 11.46 per cent at Rs 58.62 crore in April-June quarter of this fiscal as against Rs 66.21 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 11.36 per cent to Rs 49.15 crore from Rs 55.45 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.14 crore versus (Jun`18 Rs 0.56 crore).


Operating Profit slipped by 11.20 per cent to Rs 9.59 crore as against Rs 10.80 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.18 per cent in June quarter.


Interest grew by 13.79 per cent y-o-y to Rs 0.33 crore while Taxation decreased by 19.23 per cent at Rs 2.10 crore (Jun`18 Rs 2.60 crore).