13 Dec 2019 | 6:21 AM

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COMPANYNEWS
Saras.Commercial posts Q4 net profit of Rs 1.02 cr
  Saraswati Commercial (India) Ltd. | 14 Nov 2019 | 03:45 PM
Published on 05-29-2019
The company reported standalone net profit during the quarter stood at Rs 1.02 crore compared to net loss of Rs 1.31 crore in the previous year quarter.


Net revenue of the company rose triple digit by 113.74 per cent at Rs 1.68 crore in January-March quarter of this fiscal as against Rs -12.23 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 33.33 per cent to Rs 0.68 crore from Rs 1.02 crore in year ago period.


Operating Profit surged by 107.55 per cent to Rs 1.00 crore as against Rs -13.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 44.95 per cent in March quarter.


Interest declined by 71.43 per cent y-o-y to Rs 0.02 crore while Taxation decreased by 98.50 per cent at Rs -0.04 crore (Mar`18 Rs -2.66 crore).