13 Dec 2019 | 6:19 AM

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COMPANYNEWS
Swan Energy Q1 net profit down 95.44% at Rs 1.53 cr
  Swan Energy Ltd. | 12 Dec 2019 | 03:54 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 1.53 crore for the quarter ended June 30 2019 as compared to Rs 33.54 crore in the same period last year registering a year-on-year decline of 95.44 per cent.


Net revenue of the company declined substantially by 89.95 per cent at Rs 60.78 crore in April-June quarter of this fiscal as against Rs 604.53 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 90.24 per cent to Rs 55.36 crore from Rs 567.09 crore in year ago period.


Other Income dipped by 48.61 per cent at Rs 1.29 crore versus (Jun`18 Rs 2.51 crore).


Operating Profit slipped by 85.50 per cent to Rs 5.43 crore as against Rs 37.44 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 44.26 per cent in June quarter.


Interest declined by 26.57 per cent y-o-y to Rs 3.73 crore