16 Jan 2021 | 12:03 PM

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COMPANYNEWS
Sri Chakra Cemen Q1 net profit zooms 503.23% at Rs 1.87 cr
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Published on 08-14-2019
The company reported standalone net profit of Rs 1.87 crore for the quarter ended June 30 2019 as compared to Rs 0.31 crore in the same period last year registering a year-on-year growth of 503.23 per cent.


Net revenue of the company rose marginally by 2.21 per cent at Rs 45.88 crore in April-June quarter of this fiscal as against Rs 44.89 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 2.46 per cent to Rs 42.02 crore from Rs 43.08 crore in year ago period.


Other Income grew by 11.45 per cent at Rs 1.46 crore versus (Jun`18 Rs 1.31 crore).


Operating Profit surged by 112.71 per cent to Rs 3.85 crore as against Rs 1.81 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 107.92 per cent in June quarter.


Interest grew by 37.82 per cent y-o-y to Rs 1.64 crore