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Category :
Company News
Headline :
Asian Energy Service posts Q4 net profit of Rs 16.90 cr
Date:
03/05/2024 18:30
The company reported standalone net profit during the quarter stood at Rs 16.90 crore compared to net loss of Rs 3.69 crore in the previous year quarter.
Net revenue of the company rose three fold by 314.99 per cent at Rs 118.73 crore in January-March quarter of this fiscal as against Rs 28.61 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 215.61 per cent to Rs 93.83 crore from Rs 29.73 crore in year ago period.
Other Income dipped by 57.89 per cent at Rs 0.64 crore versus (Mar'23 Rs 1.52 crore).
Operating Profit surged by 2323.21 per cent to Rs 24.90 crore as against Rs -1.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 637.69 per cent in March quarter.
Interest declined by 7.32 per cent y-o-y to Rs 0.38 crore, while Taxation increased by 0.00 per cent at Rs 4.56 crore (Mar'23 Rs 0.00 crore).
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