Published on 29/06/2020 11:54:31 AM | Source: Dion Global Solutions Ltd

Dollar Industries Q4 net profit down 40.96% at Rs 13.32 cr

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The company reported standalone net profit of Rs 13.32 crore for the quarter ended March 31, 2020 as compared to Rs 22.56 crore in the same period last year, registering a year-on-year decline of 40.96 per cent. Net revenue of the company declined substantially by 20.19 per cent at Rs 237.67 crore in January-March quarter of this fiscal as against Rs 297.80 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 17.74 per cent to Rs 216.68 crore from Rs 263.40 crore in year ago period. Other Income grew by 361.43 per cent at Rs 3.23 crore versus (Mar'19 Rs 0.70 crore). Operating Profit slipped by 38.98 per cent to Rs 20.99 crore as against Rs 34.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.55 per cent in March quarter. Interest declined by 24.74 per cent y-o-y to Rs 3.68 crore, while Taxation decreased by 29.32 per cent at Rs 3.52 crore (Mar'19 Rs 4.98 crore).