TGV SRAAC posts Q4 net profit of Rs 24.18 cr
15/05/2019 19:00

The company reported standalone net profit during the quarter stood at Rs 24.18 crore compared to net loss of Rs 6.91 crore in the previous year quarter.

Net revenue of the company declined by 5.42 per cent at Rs 285.64 crore in January-March quarter of this fiscal as against Rs 302.01 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.60 per cent to Rs 238.26 crore from Rs 244.61 crore in year ago period.

Other Income dipped by 1.83 per cent at Rs 1.61 crore versus (Mar'18 Rs 1.64 crore).

Operating Profit slipped by 17.46 per cent to Rs 47.38 crore as against Rs 57.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.73 per cent in March quarter.

Interest declined by 39.92 per cent y-o-y to Rs 9.98 crore, while Taxation decreased by 94.00 per cent at Rs -0.32 crore (Mar'18 Rs -5.33 crore).