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Published on 17/05/2018 5:41:09 PM | Source: Dion Global Solutions Ltd

Star Cement Q4 net profit up 7.51% at Rs 61.01 cr

The company reported standalone net profit of Rs 61.01 crore for the quarter ended March 31, 2018 as compared to Rs 56.75 crore in the same period last year, registering a year-on-year growth of 7.51 per cent. Net revenue of the company rose moderately by 18.98 per cent at Rs 472.56 crore in January-March quarter of this fiscal as against Rs 397.16 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 22.54 per cent to Rs 382.32 crore from Rs 312.00 crore in year ago period.

Other Income grew by 167.03 per cent at Rs 2.43 crore versus (Mar'17 Rs 0.91 crore). Operating Profit surged by 3.81 per cent to Rs 90.25 crore as against Rs 86.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.75 per cent in March quarter. Interest declined by 42.34 per cent y-o-y to Rs 7.79 crore, while Taxation decreased by 2.31 per cent at Rs 6.35 crore (Mar'17 Rs 6.50 crore).