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( 09 Aug 2020)
Vaswani Industries L posts Q4 net profit of Rs 7.49 cr

The company reported standalone net profit during the quarter stood at Rs 7.49 crore compared to net loss of Rs 3.65 crore in the previous year quarter.

Net revenue of the company declined moderately by 6.19 per cent at Rs 91.46 crore in January-March quarter of this fiscal as against Rs 97.50 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 16.86 per cent to Rs 77.22 crore from Rs 92.88 crore in year ago period.

Other Income grew by 1027.27 per cent at Rs 1.24 crore versus (Mar'19 Rs 0.11 crore).

Operating Profit surged by 208.23 per cent to Rs 14.24 crore as against Rs 4.62 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 228.48 per cent in March quarter.

Interest declined by 4.71 per cent y-o-y to Rs 2.63 crore, while Taxation decreased by 6.51 per cent at Rs 4.02 crore (Mar'19 Rs 4.30 crore).