12 Dec 2019 | 10:25 PM

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COMPANYNEWS
Shri Jagdamba Poly Q4 net profit down 15.57% at Rs 4.99 cr
  Shri Jagdamba Polymers Ltd. | 12 Dec 2019 | 03:41 PM
Published on 05-27-2019
The company reported standalone net profit of Rs 4.99 crore for the quarter ended March 31 2019 as compared to Rs 5.91 crore in the same period last year registering a year-on-year decline of 15.57 per cent.


Net revenue of the company declined moderately by 12.98 per cent at Rs 40.43 crore in January-March quarter of this fiscal as against Rs 46.46 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 14.58 per cent to Rs 32.76 crore from Rs 38.35 crore in year ago period.


Other Income grew by 176.92 per cent at Rs 0.10 crore versus (Mar`18 Rs -0.13 crore).


Operating Profit slipped by 5.54 per cent to Rs 7.67 crore as against Rs 8.12 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.59 per cent in March quarter.


Interest declined by 27.27 per cent y-o-y to Rs 0.16 crore while Taxation increased by 70.19 per cent at Rs 1.77 crore (Mar`18 Rs 1.04 crore).