Infibeam Avenues posts Q4 net profit of Rs 30.70 cr
31/05/2019 12:20
The company reported standalone net profit during the quarter stood at Rs 30.70 crore compared to net loss of Rs 2.20 crore in the previous year quarter.

Net revenue of the company rose substantially by 94.02 per cent at Rs 166.88 crore in January-March quarter of this fiscal as against Rs 86.01 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 76.69 per cent to Rs 129.41 crore from Rs 73.24 crore in year ago period.

Other Income dipped by 52.60 per cent at Rs 0.91 crore versus (Mar'18 Rs 1.92 crore).

Operating Profit surged by 195.28 per cent to Rs 38.80 crore as against Rs 13.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 52.16 per cent in March quarter.

Interest grew by 5.26 per cent y-o-y to Rs 1.20 crore, while Taxation increased by 209.22 per cent at Rs 13.42 crore (Mar'18 Rs 4.34 crore).