15 Dec 2019 | 6:32 AM

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COMPANYNEWS
Surana Solar Q1 net profit down 48.57% at Rs 0.18 cr
  Surana Solar Ltd. | 13 Dec 2019 | 04:01 PM
Published on 08-07-2019
The company reported standalone net profit of Rs 0.18 crore for the quarter ended June 30 2019 as compared to Rs 0.35 crore in the same period last year registering a year-on-year decline of 48.57 per cent.


Net revenue of the company rose substantially by 22.29 per cent at Rs 13.44 crore in April-June quarter of this fiscal as against Rs 10.99 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 25.78 per cent to Rs 12.10 crore from Rs 9.62 crore in year ago period.


Other Income dipped by 89.47 per cent at Rs 0.02 crore versus (Jun`18 Rs 0.19 crore).


Operating Profit slipped by 2.90 per cent to Rs 1.34 crore as against Rs 1.38 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.57 per cent in June quarter.


Interest declined by 29.27 per cent y-o-y to Rs 0.29 crore while Taxation increased by 0.00 per cent at Rs 0.12 crore (Jun`18 Rs 0.12 crore).