STL Global Q1 net profit zooms 814.29% at Rs 1.28 cr
12/08/2019 14:30
The company reported standalone net profit of Rs 1.28 crore for the quarter ended June 30, 2019 as compared to Rs 0.14 crore in the same period last year, registering a year-on-year growth of 814.29 per cent.

Net revenue of the company declined by 5.89 per cent at Rs 22.05 crore in April-June quarter of this fiscal as against Rs 23.43 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 4.77 per cent to Rs 21.38 crore from Rs 22.45 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 1.25 crore versus (Jun'18 Rs 0.00 crore).

Operating Profit slipped by 30.93 per cent to Rs 0.67 crore as against Rs 0.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.40 per cent in June quarter.

Interest declined by 21.43 per cent y-o-y to Rs 0.22 crore