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Published on 15/05/2019 5:34:13 PM | Source: Dion Global Solutions Ltd

Kesoram Industri posts Q4 net profit of Rs 20.75 cr

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The company reported standalone net profit during the quarter stood at Rs 20.75 crore compared to net loss of Rs 158.17 crore in the previous year quarter. Net revenue of the company rose by 5.20 per cent at Rs 1,036.58 crore in January-March quarter of this fiscal as against Rs 985.33 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 10.61 per cent to Rs 914.92 crore from Rs 1,023.50 crore in year ago period. Other Income grew by 0.43 per cent at Rs 32.72 crore versus (Mar'18 Rs 32.58 crore). Operating Profit surged by 418.73 per cent to Rs 121.66 crore as against Rs -38.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 403.36 per cent in March quarter. Interest declined by 5.26 per cent y-o-y to Rs 113.86 crore, while Taxation increased by 497.50 per cent at Rs -11.95 crore (Mar'18 Rs -2.00 crore).