Published on 21/05/2019 4:20:22 PM | Source: Dion Global Solutions Ltd

Century Enka Q4 net profit down 38.69% at Rs 10.54 cr

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The company reported standalone net profit of Rs 10.54 crore for the quarter ended March 31, 2019 as compared to Rs 17.19 crore in the same period last year, registering a year-on-year decline of 38.69 per cent. Net revenue of the company rose by 5.95 per cent at Rs 434.57 crore in January-March quarter of this fiscal as against Rs 410.17 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 9.31 per cent to Rs 410.24 crore from Rs 375.29 crore in year ago period.

Other Income grew by 8.85 per cent at Rs 4.92 crore versus (Mar'18 Rs 4.52 crore). Operating Profit slipped by 30.25 per cent to Rs 24.33 crore as against Rs 34.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.12 per cent in March quarter. Interest grew by 8.75 per cent y-o-y to Rs 0.87 crore, while Taxation decreased by 36.06 per cent at Rs 6.49 crore (Mar'18 Rs 10.15 crore).