16 Jan 2021 | 11:55 AM

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Shree Rajeshwara posts Q4 net profit of Rs 2.34 cr
  Shree Rajeshwaranand Paper Mills Ltd. | 17 Jan 2020 | 09:59 AM
Published on 05-30-2019
The company reported standalone net profit during the quarter stood at Rs 2.34 crore compared to net loss of Rs 0.27 crore in the previous year quarter.


Net revenue of the company declined substantially by 28.24 per cent at Rs 31.31 crore in January-March quarter of this fiscal as against Rs 43.63 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 36.96 per cent to Rs 24.59 crore from Rs 39.01 crore in year ago period.


Other Income dipped by 66.67 per cent at Rs -0.01 crore versus (Mar`18 Rs -0.03 crore).


Operating Profit surged by 45.14 per cent to Rs 6.72 crore as against Rs 4.63 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 102.36 per cent in March quarter.


Interest grew by 15.35 per cent y-o-y to Rs 2.93 crore while Taxation decreased by 65.45 per cent at Rs 0.19 crore (Mar`18 Rs 0.55 crore).