21 Oct 2020 | 2:06 PM

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COMPANYNEWS
Stylam Industries Q1 net profit down 6.85% at Rs 6.53 cr
  Stylam Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-12-2019
The company reported standalone net profit of Rs 6.53 crore for the quarter ended June 30 2019 as compared to Rs 7.01 crore in the same period last year registering a year-on-year decline of 6.85 per cent.


Net revenue of the company rose marginally by 4.68 per cent at Rs 112.70 crore in April-June quarter of this fiscal as against Rs 107.66 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.93 per cent to Rs 95.77 crore from Rs 90.41 crore in year ago period.


Other Income dipped by 78.46 per cent at Rs 0.14 crore versus (Jun`18 Rs 0.65 crore).


Operating Profit slipped by 1.86 per cent to Rs 16.93 crore as against Rs 17.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.24 per cent in June quarter.


Interest grew by 28.23 per cent y-o-y to Rs 2.68 crore while Taxation decreased by 25.20 per cent at Rs 3.77 crore (Jun`18 Rs 5.04 crore).