Published on 15/05/2019 5:13:23 PM | Source: Dion Global Solutions Ltd

Seamec Q4 net profit zooms 163.38% at Rs 36.82 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Now Get news on WhatsAppClick Here To Know More

The company reported standalone net profit of Rs 36.82 crore for the quarter ended March 31, 2019 as compared to Rs 13.98 crore in the same period last year, registering a year-on-year growth of 163.38 per cent. Net revenue of the company rose substantially by 65.67 per cent at Rs 110.57 crore in January-March quarter of this fiscal as against Rs 66.74 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 35.93 per cent to Rs 64.66 crore from Rs 47.57 crore in year ago period.

Other Income dipped by 33.65 per cent at Rs 5.56 crore versus (Mar'18 Rs 8.38 crore). Operating Profit surged by 139.49 per cent to Rs 45.91 crore as against Rs 19.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 44.57 per cent in March quarter. Interest grew by 90.91 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 730.00 per cent at Rs 2.49 crore (Mar'18 Rs 0.30 crore).