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Category :
Company
Headline :
Ador Fontech Ltd Q1 net profit down 15.78% at Rs 5.07 cr
Date:
26/07/2024 19:20
The company reported standalone net profit of Rs 5.07 crore for the quarter ended June 30, 2024 as compared to Rs 6.02 crore in the same period last year, registering a year-on-year decline of 15.78 per cent.
Net revenue of the company declined moderately by 12.07 per cent at Rs 42.71 crore in April-June quarter of this fiscal as against Rs 48.57 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 9.86 per cent to Rs 37.22 crore from Rs 41.29 crore in year ago period.
Other Income grew by 69.86 per cent at Rs 2.48 crore versus (Jun'23 Rs 1.46 crore).
Operating Profit slipped by 24.59 per cent to Rs 5.49 crore as against Rs 7.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.28 per cent in June quarter.
Taxation increased by 11.39 per cent at Rs 2.25 crore (Jun'23 Rs 2.02 crore).
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