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Published on 31/07/2019 5:21:48 PM | Source: Dion Global Solutions Ltd

Munjal Showa Ltd Q1 net profit down 9.39% at Rs 15.73 cr

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The company reported standalone net profit of Rs 15.73 crore for the quarter ended June 30, 2019 as compared to Rs 17.36 crore in the same period last year, registering a year-on-year decline of 9.39 per cent. Net revenue of the company declined moderately by 12.30 per cent at Rs 387.97 crore in April-June quarter of this fiscal as against Rs 442.39 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 12.87 per cent to Rs 363.77 crore from Rs 417.48 crore in year ago period.

Other Income dipped by 16.14 per cent at Rs 4.78 crore versus (Jun'18 Rs 5.70 crore). Operating Profit slipped by 2.89 per cent to Rs 24.20 crore as against Rs 24.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.83 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 13.72 per cent at Rs 7.46 crore (Jun'18 Rs 6.56 crore).