07 Dec 2019 | 10:12 AM

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Swaraj Engines Q1 net profit down 26.63% at Rs 16.92 cr
  Swaraj Engines Ltd. | 06 Dec 2019 | 03:51 PM
Published on 07-30-2019
The company reported standalone net profit of Rs 16.92 crore for the quarter ended June 30 2019 as compared to Rs 23.06 crore in the same period last year registering a year-on-year decline of 26.63 per cent.


Net revenue of the company declined moderately by 12.43 per cent at Rs 205.38 crore in April-June quarter of this fiscal as against Rs 234.52 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 10.05 per cent to Rs 178.02 crore from Rs 197.90 crore in year ago period.


Other Income dipped by 5.97 per cent at Rs 3.62 crore versus (Jun`18 Rs 3.85 crore).


Operating Profit slipped by 25.29 per cent to Rs 27.36 crore as against Rs 36.62 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 14.67 per cent in June quarter.


Taxation decreased by 26.13 per cent at Rs 9.30 crore (Jun`18 Rs 12.59 crore).