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Category :
Company News
Headline :
K&R Rail Engineering Q1 net profit down 60.24% at Rs 1.34 cr
Date:
14/08/2024 11:40
The company reported standalone net profit of Rs 1.34 crore for the quarter ended June 30, 2024 as compared to Rs 3.37 crore in the same period last year, registering a year-on-year decline of 60.24 per cent.
Net revenue of the company declined substantially by 38.81 per cent at Rs 99.11 crore in April-June quarter of this fiscal as against Rs 161.98 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 38.55 per cent to Rs 96.09 crore from Rs 156.37 crore in year ago period.
Other Income dipped by 89.66 per cent at Rs 0.03 crore versus (Jun'23 Rs 0.29 crore).
Operating Profit slipped by 46.35 per cent to Rs 3.01 crore as against Rs 5.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.39 per cent in June quarter.
Interest declined by 12.50 per cent y-o-y to Rs 0.35 crore, while Taxation decreased by 59.54 per cent at Rs 0.53 crore (Jun'23 Rs 1.31 crore).
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