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Published on 16/04/2019 12:01:16 PM | Source: Dion Global Solutions Ltd

Tin Plate Co. Q4 net profit down 2.88% at Rs 27.64 cr

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The company reported standalone net profit of Rs 27.64 crore for the quarter ended March 31, 2019 as compared to Rs 28.46 crore in the same period last year, registering a year-on-year decline of 2.88 per cent. Net revenue of the company rose by 5.25 per cent at Rs 664.69 crore in January-March quarter of this fiscal as against Rs 631.51 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 5.93 per cent to Rs 674.27 crore from Rs 636.52 crore in year ago period.

Other Income grew by 91.74 per cent at Rs 6.50 crore versus (Mar'18 Rs 3.39 crore). Operating Profit slipped by 8.26 per cent to Rs 53.55 crore as against Rs 58.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.77 per cent in March quarter. Interest grew by 32.73 per cent y-o-y to Rs 1.46 crore, while Taxation decreased by 12.86 per cent at Rs 14.36 crore (Mar'18 Rs 16.48 crore).