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Published on 20/05/2019 5:01:27 PM | Source: Dion Global Solutions Ltd

Rajshree Sugars posts Q4 net profit of Rs 26.13 cr

Posted in Stock Market| #Stock Market #Sugar #Quarterly Result

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The company reported standalone net profit during the quarter stood at Rs 26.13 crore compared to net loss of Rs 6.12 crore in the previous year quarter. Net revenue of the company rose substantially by 37.30 per cent at Rs 134.22 crore in January-March quarter of this fiscal as against Rs 97.76 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 14.28 per cent to Rs 112.19 crore from Rs 98.17 crore in year ago period.

Other Income grew by 1020.00 per cent at Rs 1.68 crore versus (Mar'18 Rs 0.15 crore). Operating Profit surged by 5473.17 per cent to Rs 22.03 crore as against Rs -0.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4007.14 per cent in March quarter. Interest grew by 3.58 per cent y-o-y to Rs 15.05 crore, while Taxation increased by 57.95 per cent at Rs -23.44 crore (Mar'18 Rs -14.84 crore).