15 Dec 2019 | 4:56 PM

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COMPANYNEWS
Sky Industries Q4 net profit down 67.61% at Rs 0.23 cr
  Sky Industries Ltd. | 13 Dec 2019 | 04:01 PM
Published on 05-01-2019
The company reported standalone net profit of Rs 0.23 crore for the quarter ended March 31 2019 as compared to Rs 0.71 crore in the same period last year registering a year-on-year decline of 67.61 per cent.

Net revenue of the company rose moderately by 16.81 per cent at Rs 14.66 crore in January-March quarter of this fiscal as against Rs 12.55 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 24.70 per cent to Rs 13.58 crore from Rs 10.89 crore in year ago period.

Other Income dipped by 57.89 per cent at Rs 0.08 crore versus (Mar`18 Rs 0.19 crore).

Operating Profit slipped by 34.94 per cent to Rs 1.08 crore as against Rs 1.66 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 44.29 per cent in March quarter.

Interest declined by 42.31 per cent y-o-y to Rs 0.30 crore while Taxation increased by 0.00 per cent at Rs 0.12 crore (Mar`18 Rs 0.00 crore).