13 Dec 2019 | 1:14 AM

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COMPANYNEWS
Surana Solar Q4 net profit down 33.33% at Rs 0.06 cr
  Surana Solar Ltd. | 12 Dec 2019 | 03:44 PM
Published on 05-23-2019
The company reported standalone net profit of Rs 0.06 crore for the quarter ended March 31 2019 as compared to Rs 0.09 crore in the same period last year registering a year-on-year decline of 33.33 per cent.


Net revenue of the company declined moderately by 6.59 per cent at Rs 10.49 crore in January-March quarter of this fiscal as against Rs 11.23 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 4.24 per cent to Rs 9.70 crore from Rs 10.13 crore in year ago period.


Other Income grew by 20.93 per cent at Rs 0.52 crore versus (Mar`18 Rs 0.43 crore).


Operating Profit slipped by 28.18 per cent to Rs 0.79 crore as against Rs 1.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 22.96 per cent in March quarter.


Interest declined by 10.00 per cent y-o-y to Rs 0.45 crore while Taxation decreased by 57.14 per cent at Rs 0.06 crore (Mar`18 Rs 0.14 crore).