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Published on 21/05/2019 4:17:58 PM | Source: Dion Global Solutions Ltd

KIOCL Q4 net profit down 25.36% at Rs 44.83 cr

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The company reported standalone net profit of Rs 44.83 crore for the quarter ended March 31, 2019 as compared to Rs 60.06 crore in the same period last year, registering a year-on-year decline of 25.36 per cent. Net revenue of the company rose substantially by 57.76 per cent at Rs 629.03 crore in January-March quarter of this fiscal as against Rs 398.72 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 42.62 per cent to Rs 582.85 crore from Rs 408.68 crore in year ago period.

Other Income dipped by 42.06 per cent at Rs 40.38 crore versus (Mar'18 Rs 69.69 crore). Operating Profit surged by 718.78 per cent to Rs 61.63 crore as against Rs -9.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 492.00 per cent in March quarter. Taxation increased by 2548.39 per cent at Rs 53.13 crore (Mar'18 Rs -2.17 crore).