Ceinsys Tech posts Q1 net profit of Rs 5.26 cr
06/08/2019 15:20
The company reported standalone net profit during the quarter stood at Rs 5.26 crore compared to net loss of Rs 4.85 crore in the previous year quarter.

Net revenue of the company rose moderately by 14.48 per cent at Rs 33.29 crore in April-June quarter of this fiscal as against Rs 29.08 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 28.48 per cent to Rs 22.38 crore from Rs 31.29 crore in year ago period.

Other Income grew by 216.00 per cent at Rs 0.79 crore versus (Jun'18 Rs 0.25 crore).

Operating Profit surged by 593.67 per cent to Rs 10.91 crore as against Rs -2.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 531.88 per cent in June quarter.

Interest declined by 3.48 per cent y-o-y to Rs 3.61 crore, while Taxation increased by 196.84 per cent at Rs 1.84 crore (Jun'18 Rs -1.90 crore).