Ratnamani Metals Q1 net profit up 8.77% at Rs 62.73 cr

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The company reported a standalone net profit of Rs 62.73 crore for the quarter ended June 30, 2019, as compared to Rs 57.67 crore in the same period last year, registering a year-on-year growth of 8.77 percent. 




Net revenue of the company declined marginally by 3.56 percent at Rs 587.67 crore in the April-June quarter of this fiscal as against Rs 609.35 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 6.59 percent to Rs 484.67 crore from Rs 518.85 crore in the year-ago period. Other Income dipped by 33.71 percent at Rs 11.07 crore versus (Jun'18 Rs 16.70 crore).

Operating Profit surged by 13.81 percent to Rs 103.00 crore as against Rs 90.50 crore in the year-ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.05 percent in June quarter. Interest declined by 19.83 percent y-o-y to Rs 3.80 crore, while Taxation increased by 15.03 percent at Rs 33.22 crore (Jun'18 Rs 28.88 crore).



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