10 Dec 2019 | 2:12 PM

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COMPANYNEWS
Steel Cast Q1 net profit down 45.08% at Rs 4.35 cr
  Steel Cast Ltd. | 10 Dec 2019 | 01:58 PM
Published on 08-07-2019
The company reported standalone net profit of Rs 4.35 crore for the quarter ended June 30 2019 as compared to Rs 7.92 crore in the same period last year registering a year-on-year decline of 45.08 per cent.


Net revenue of the company declined moderately by 14.88 per cent at Rs 65.59 crore in April-June quarter of this fiscal as against Rs 77.06 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 15.90 per cent to Rs 52.19 crore from Rs 62.06 crore in year ago period.


Other Income dipped by 83.33 per cent at Rs 0.09 crore versus (Jun`18 Rs 0.54 crore).


Operating Profit slipped by 10.67 per cent to Rs 13.40 crore as against Rs 15.00 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 5.04 per cent in June quarter.


Interest declined by 42.80 per cent y-o-y to Rs 1.55 crore while Taxation increased by 269.39 per cent at Rs 3.62 crore (Jun`18 Rs 0.98 crore).