Resonance Spec. Q3 net profit down 24.24% at Rs 0.50 cr
15/02/2019 12:00
The company reported standalone net profit of Rs 0.50 crore for the quarter ended December 31, 2018 as compared to Rs 0.66 crore in the same period last year, registering a year-on-year decline of 24.24 per cent.

Net revenue of the company rose moderately by 19.56 per cent at Rs 11.49 crore in October-December quarter of this fiscal as against Rs 9.61 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.58 per cent to Rs 10.81 crore from Rs 8.54 crore in year ago period.

Other Income grew by 24.00 per cent at Rs 0.31 crore versus (Dec'17 Rs 0.25 crore).

Operating Profit slipped by 36.45 per cent to Rs 0.68 crore as against Rs 1.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.62 per cent in December quarter.

Interest declined by 44.83 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 47.62 per cent at Rs 0.11 crore (Dec'17 Rs 0.21 crore).