FY19 profit rises 13% as revenue declines 3%

Revenue DeclineEbitda Margin CompressionResults View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

FY19 revenue fell 2.7% to Rs 24.99 crore, while net profit rose 13.3% to Rs 43.89 lakh. Operating margin before depreciation fell to 3.8% from 4.7%. Operating cash flow doubled to Rs 3.49 crore, short-term debt fell from Rs 2.87 crore to zero, and the auditor gave an unmodified opinion.

Likely market impact

Higher profit, debt clearance and strong cash flow are positive, but lower sales and weaker operating margin may limit stock upside.