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News Details

( As on 18/04/2024 10:00)

Gretex Corporate Ser Q4 net profit down 5.78% at Rs 2.77 cr

The company reported standalone net profit of Rs 2.77 crore for the quarter ended March 31, 2024 as compared to Rs 2.94 crore in the same period last year, registering a year-on-year decline of 5.78 per cent.

Net revenue of the company rose by 0.71 per cent at Rs 7.12 crore in January-March quarter of this fiscal as against Rs 7.07 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 13.07 per cent to Rs 2.46 crore from Rs 2.83 crore in year ago period.

Other Income dipped by 115.63 per cent at Rs -0.15 crore versus (Mar'23 Rs 0.96 crore).

Operating Profit surged by 9.65 per cent to Rs 4.66 crore as against Rs 4.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.03 per cent in March quarter.

Interest declined by 70.00 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 29.10 per cent at Rs 1.34 crore (Mar'23 Rs 1.89 crore).