Archit Organosys Q4 net profit down 64.58% at Rs 0.34 cr
31/05/2019 11:40
The company reported standalone net profit of Rs 0.34 crore for the quarter ended March 31, 2019 as compared to Rs 0.96 crore in the same period last year, registering a year-on-year decline of 64.58 per cent.

Net revenue of the company declined substantially by 32.59 per cent at Rs 22.30 crore in January-March quarter of this fiscal as against Rs 33.08 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 27.72 per cent to Rs 22.61 crore from Rs 31.28 crore in year ago period.

Other Income grew by 219.35 per cent at Rs 1.98 crore versus (Mar'18 Rs 0.62 crore).

Operating Profit slipped by 117.22 per cent to Rs -0.31 crore as against Rs 1.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 125.55 per cent in March quarter.

Interest grew by 4.44 per cent y-o-y to Rs 0.94 crore, while Taxation increased by 230.00 per cent at Rs -0.33 crore (Mar'18 Rs -0.10 crore).