17 Jan 2021 | 1:51 AM


Shankara Building Pr Q1 net profit down 48.89% at Rs 4.83 cr
  Shankara Building Products Ltd. | 17 Jan 2020 | 10:47 AM
Published on 08-12-2019
The company reported standalone net profit of Rs 4.83 crore for the quarter ended June 30 2019 as compared to Rs 9.45 crore in the same period last year registering a year-on-year decline of 48.89 per cent.

Net revenue of the company declined moderately by 15.44 per cent at Rs 590.85 crore in April-June quarter of this fiscal as against Rs 698.77 crore in the corresponding period last year.

During April-June quarter operating expenses dropped by 15.42 per cent to Rs 568.92 crore from Rs 672.62 crore in year ago period.

Other Income grew by 118.18 per cent at Rs 0.48 crore versus (Jun`18 Rs 0.22 crore).

Operating Profit slipped by 16.14 per cent to Rs 21.93 crore as against Rs 26.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.80 per cent in June quarter.

Interest grew by 0.33 per cent y-o-y to Rs 9.10 crore while Taxation decreased by 54.04 per cent at Rs 2.62 crore (Jun`18 Rs 5.70 crore).