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Category :
Corporate
Headline :
Raw Edge Industrial posts Q4 net profit of Rs 0.58 cr
Date:
04/05/2024 16:10
The company reported standalone net profit during the quarter stood at Rs 0.58 crore compared to net loss of Rs 0.38 crore in the previous year quarter.
Net revenue of the company rose moderately by 18.30 per cent at Rs 13.12 crore in January-March quarter of this fiscal as against Rs 11.09 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 11.00 per cent to Rs 11.40 crore from Rs 10.27 crore in year ago period.
Operating Profit surged by 109.76 per cent to Rs 1.72 crore as against Rs 0.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 77.13 per cent in March quarter.
Interest declined by 24.32 per cent y-o-y to Rs 0.56 crore, while Taxation increased by 433.33 per cent at Rs 0.16 crore (Mar'23 Rs 0.03 crore).
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