Nila Spaces L Q4 net profit up 29.84% at Rs 1.61 cr
25/05/2019 14:40
The company reported standalone net profit of Rs 1.61 crore for the quarter ended March 31, 2019 as compared to Rs 1.24 crore in the same period last year, registering a year-on-year growth of 29.84 per cent.

Net revenue of the company declined moderately by 16.80 per cent at Rs 9.36 crore in January-March quarter of this fiscal as against Rs 11.25 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 42.31 per cent to Rs 6.38 crore from Rs 11.06 crore in year ago period.

Other Income dipped by 22.67 per cent at Rs 1.74 crore versus (Mar'18 Rs 2.25 crore).

Operating Profit surged by 1390.00 per cent to Rs 2.98 crore as against Rs 0.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1718.29 per cent in March quarter.

Interest grew by 227.38 per cent y-o-y to Rs 2.75 crore, while Taxation decreased by 22.22 per cent at Rs 0.28 crore (Mar'18 Rs 0.36 crore).