Dina Iron & Stee Q1 net profit up 25.00% at Rs 0.45 cr
11/09/2019 15:00

The company reported standalone net profit of Rs 0.45 crore for the quarter ended June 30, 2019 as compared to Rs 0.36 crore in the same period last year, registering a year-on-year growth of 25.00 per cent.

Net revenue of the company declined substantially by 21.76 per cent at Rs 52.49 crore in April-June quarter of this fiscal as against Rs 67.09 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 22.99 per cent to Rs 50.87 crore from Rs 66.06 crore in year ago period.

Operating Profit surged by 14.08 per cent to Rs 1.62 crore as against Rs 1.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 46.45 per cent in June quarter.

Interest grew by 26.23 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 14.29 per cent at Rs 0.16 crore (Jun'18 Rs 0.14 crore).