17 Jan 2021 | 9:34 PM

News

COMPANYNEWS
SORIL Infra Resource Q1 net profit down 82.42% at Rs 0.61 cr
  SORIL Infra Resources Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.61 crore for the quarter ended June 30 2019 as compared to Rs 3.47 crore in the same period last year registering a year-on-year decline of 82.42 per cent.


Net revenue of the company rose substantially by 64.70 per cent at Rs 46.28 crore in April-June quarter of this fiscal as against Rs 28.10 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 78.90 per cent to Rs 41.79 crore from Rs 23.36 crore in year ago period.


Other Income grew by 4.34 per cent at Rs 4.33 crore versus (Jun`18 Rs 4.15 crore).


Operating Profit slipped by 5.27 per cent to Rs 4.49 crore as against Rs 4.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 42.50 per cent in June quarter.


Interest grew by 48.94 per cent y-o-y to Rs 2.10 crore while Taxation increased by 0.00 per cent at Rs -0.05 crore (Jun`18 Rs 0.00 crore).