19 Jan 2021 | 2:37 PM

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SML Isuzu Q1 net profit down 17.16% at Rs 16.66 cr
  SML Isuzu Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-15-2019
The company reported standalone net profit of Rs 16.66 crore for the quarter ended June 30 2019 as compared to Rs 20.11 crore in the same period last year registering a year-on-year decline of 17.16 per cent.


Net revenue of the company rose marginally by 4.15 per cent at Rs 471.43 crore in April-June quarter of this fiscal as against Rs 452.63 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.30 per cent to Rs 434.94 crore from Rs 413.05 crore in year ago period.


Other Income dipped by 17.50 per cent at Rs 0.66 crore versus (Jun`18 Rs 0.80 crore).


Operating Profit slipped by 7.81 per cent to Rs 36.49 crore as against Rs 39.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 11.44 per cent in June quarter.


Interest grew by 13.90 per cent y-o-y to Rs 4.67 crore while Taxation decreased by 13.95 per cent at Rs 5.86 crore (Jun`18 Rs 6.81 crore).