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Category :
Company News
Headline :
Visco Trade Associat posts Q4 net profit of Rs 5.27 cr
Date:
27/04/2024 11:40
The company reported standalone net profit during the quarter stood at Rs 5.27 crore compared to net loss of Rs 8.82 crore in the previous year quarter.
Net revenue of the company rose substantially by 32.47 per cent at Rs 37.33 crore in January-March quarter of this fiscal as against Rs 28.18 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 19.91 per cent to Rs 29.04 crore from Rs 36.26 crore in year ago period.
Other Income dipped by 88.89 per cent at Rs 0.03 crore versus (Mar'23 Rs 0.27 crore).
Operating Profit surged by 202.47 per cent to Rs 8.29 crore as against Rs -8.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 177.32 per cent in March quarter.
Interest grew by 57.58 per cent y-o-y to Rs 1.56 crore, while Taxation increased by 0.00 per cent at Rs 1.48 crore (Mar'23 Rs 0.00 crore).
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