Published on 21/05/2019 5:33:07 PM | Source: Dion Global Solutions Ltd

Jamna Auto Inds. Q4 net profit down 30.33% at Rs 31.98 cr

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The company reported standalone net profit of Rs 31.98 crore for the quarter ended March 31, 2019 as compared to Rs 45.90 crore in the same period last year, registering a year-on-year decline of 30.33 per cent. Net revenue of the company declined moderately by 15.67 per cent at Rs 472.88 crore in January-March quarter of this fiscal as against Rs 560.75 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 13.70 per cent to Rs 419.93 crore from Rs 486.62 crore in year ago period.

Other Income dipped by 16.54 per cent at Rs 8.58 crore versus (Mar'18 Rs 10.28 crore). Operating Profit slipped by 28.57 per cent to Rs 52.95 crore as against Rs 74.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.28 per cent in March quarter. Interest declined by 23.91 per cent y-o-y to Rs 4.20 crore, while Taxation decreased by 26.51 per cent at Rs 14.03 crore (Mar'18 Rs 19.09 crore).