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News Details

News Details

15/04/2019 19:30

Tata Metaliks Q4 net profit up 17.75% at Rs 64.35 cr

The company reported standalone net profit of Rs 64.35 crore for the quarter ended March 31, 2019 as compared to Rs 54.65 crore in the same period last year, registering a year-on-year growth of 17.75 per cent.

Net revenue of the company rose moderately by 8.74 per cent at Rs 593.80 crore in January-March quarter of this fiscal as against Rs 546.06 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 11.96 per cent to Rs 512.92 crore from Rs 458.13 crore in year ago period.

Other Income dipped by 69.81 per cent at Rs 2.82 crore versus (Mar'18 Rs 9.34 crore).

Operating Profit slipped by 8.02 per cent to Rs 80.88 crore as against Rs 87.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.40 per cent in March quarter.

Interest declined by 34.88 per cent y-o-y to Rs 11.54 crore, while Taxation decreased by 167.07 per cent at Rs -7.68 crore (Mar'18 Rs 11.45 crore).