17 Jan 2021 | 3:19 AM

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COMPANYNEWS
Suraj Products Q1 net profit down 54.90% at Rs 1.15 cr
  Suraj Products Ltd. | 09 Jan 2020 | 04:01 PM
Published on 07-29-2019
The company reported standalone net profit of Rs 1.15 crore for the quarter ended June 30 2019 as compared to Rs 2.55 crore in the same period last year registering a year-on-year decline of 54.90 per cent.


Net revenue of the company declined marginally by 3.49 per cent at Rs 30.13 crore in April-June quarter of this fiscal as against Rs 31.22 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 3.61 per cent to Rs 26.18 crore from Rs 27.16 crore in year ago period.


Other Income dipped by 7.69 per cent at Rs 0.12 crore versus (Jun`18 Rs 0.13 crore).


Operating Profit slipped by 2.71 per cent to Rs 3.95 crore as against Rs 4.06 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.85 per cent in June quarter.


Interest grew by 71.11 per cent y-o-y to Rs 1.54 crore while Taxation increased by 152.63 per cent at Rs 0.10 crore (Jun`18 Rs -0.19 crore).