PG Electroplast Q4 net profit zooms 124.03% at Rs 6.34 cr
15/05/2019 19:00

The company reported standalone net profit of Rs 6.34 crore for the quarter ended March 31, 2019 as compared to Rs 2.83 crore in the same period last year, registering a year-on-year growth of 124.03 per cent.

Net revenue of the company rose substantially by 45.62 per cent at Rs 169.92 crore in January-March quarter of this fiscal as against Rs 116.69 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 41.74 per cent to Rs 157.63 crore from Rs 111.21 crore in year ago period.

Other Income dipped by 31.93 per cent at Rs 0.81 crore versus (Mar'18 Rs 1.19 crore).

Operating Profit surged by 124.27 per cent to Rs 12.29 crore as against Rs 5.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 53.83 per cent in March quarter.

Interest grew by 22.36 per cent y-o-y to Rs 2.90 crore, while Taxation increased by 123.33 per cent at Rs 0.21 crore (Mar'18 Rs -0.90 crore).