Published on 14/08/2019 1:33:24 PM | Source: Dion Global Solutions Ltd

A2Z Infra Engineer posts Q1 net profit of Rs 71.17 cr

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The company reported standalone net profit during the quarter stood at Rs 71.17 crore compared to net loss of Rs 24.04 crore in the previous year quarter. Net revenue of the company rose substantially by 46.34 per cent at Rs 112.74 crore in April-June quarter of this fiscal as against Rs 77.04 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 48.95 per cent to Rs 113.22 crore from Rs 76.01 crore in year ago period. Other Income grew by 92.17 per cent at Rs 6.38 crore versus (Jun'18 Rs 3.32 crore).

Operating Profit slipped by 147.12 per cent to Rs -0.49 crore as against Rs 1.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 132.09 per cent in June quarter. Interest declined by 53.96 per cent y-o-y to Rs 12.45 crore, while Taxation decreased by 78.46 per cent at Rs 0.14 crore (Jun'18 Rs 0.65 crore).