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News Details

31/07/2024 18:00

Machhar Industries Q1 net profit zooms 180.00% at Rs 0.14 cr

The company reported standalone net profit of Rs 0.14 crore for the quarter ended June 30, 2024 as compared to Rs 0.05 crore in the same period last year, registering a year-on-year growth of 180.00 per cent.

Net revenue of the company rose moderately by 19.95 per cent at Rs 4.69 crore in April-June quarter of this fiscal as against Rs 3.91 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 17.43 per cent to Rs 4.38 crore from Rs 3.73 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.05 crore versus (Jun'23 Rs 0.05 crore).

Operating Profit surged by 72.22 per cent to Rs 0.31 crore as against Rs 0.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 39.45 per cent in June quarter.

Interest grew by 40.00 per cent y-o-y to Rs 0.07 crore, while Taxation increased by 50.00 per cent at Rs 0.03 crore (Jun'23 Rs 0.02 crore).