Published on 21/05/2019 5:31:01 PM | Source: Dion Global Solutions Ltd

Prataap Snacks Q4 net profit up 9.16% at Rs 13.70 cr

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The company reported standalone net profit of Rs 13.70 crore for the quarter ended March 31, 2019 as compared to Rs 12.55 crore in the same period last year, registering a year-on-year growth of 9.16 per cent. Net revenue of the company declined marginally by 3.27 per cent at Rs 256.93 crore in January-March quarter of this fiscal as against Rs 265.62 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 5.08 per cent to Rs 240.04 crore from Rs 252.88 crore in year ago period.

Other Income dipped by 35.89 per cent at Rs 2.59 crore versus (Mar'18 Rs 4.04 crore). Operating Profit slipped by 15.83 per cent to Rs 18.56 crore as against Rs 22.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.01 per cent in March quarter. Interest grew by 24.39 per cent y-o-y to Rs 0.51 crore, while Taxation decreased by 103.92 per cent at Rs -0.23 crore (Mar'18 Rs 5.87 crore).