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( 20 Aug 2019)
Apollo Sindoori Hote Q1 net profit up 18.08% at Rs 3.07 cr

The company reported standalone net profit of Rs 3.07 crore for the quarter ended June 30, 2019 as compared to Rs 2.60 crore in the same period last year, registering a year-on-year growth of 18.08 per cent.

Net revenue of the company rose substantially by 24.20 per cent at Rs 43.99 crore in April-June quarter of this fiscal as against Rs 35.42 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 31.29 per cent to Rs 41.67 crore from Rs 31.74 crore in year ago period.

Other Income grew by 252.54 per cent at Rs 2.08 crore versus (Jun'18 Rs 0.59 crore).

Operating Profit slipped by 36.78 per cent to Rs 2.32 crore as against Rs 3.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.18 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 27.46 per cent at Rs 1.03 crore (Jun'18 Rs 1.42 crore).