Savita Oil Tech Q4 net profit down 17.13% at Rs 33.37 cr

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The company reported standalone net profit of Rs 33.37 crore for the quarter ended March 31, 2019 as compared to Rs 40.27 crore in the same period last year, registering a year-on-year decline of 17.13 per cent. 




Net revenue of the company rose moderately by 19.05 per cent at Rs 543.50 crore in January-March quarter of this fiscal as against Rs 456.55 crore in the corresponding period last year. 

During January-March quarter, operating expenses increased by 19.96 per cent to Rs 495.51 crore from Rs 413.06 crore in year ago period.

Other Income grew by 380.72 per cent at Rs 10.72 crore versus (Mar'18 Rs 2.23 crore). Operating Profit surged by 8.23 per cent to Rs 51.31 crore as against Rs 47.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.06 per cent in March quarter. 

Interest declined by 7.36 per cent y-o-y to Rs 4.91 crore, while Taxation increased by 806.00 per cent at Rs 17.65 crore (Mar'18 Rs -2.50 crore).


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