Archit Organosys posts Q1 net profit of Rs 0.81 cr
14/08/2019 11:40
The company reported standalone net profit during the quarter stood at Rs 0.81 crore compared to net loss of Rs 1.39 crore in the previous year quarter.

Net revenue of the company declined moderately by 7.64 per cent at Rs 18.97 crore in April-June quarter of this fiscal as against Rs 20.54 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 17.59 per cent to Rs 17.29 crore from Rs 20.98 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.72 crore versus (Jun'18 Rs 0.72 crore).

Operating Profit surged by 481.82 per cent to Rs 1.68 crore as against Rs -0.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 513.02 per cent in June quarter.

Interest grew by 2.33 per cent y-o-y to Rs 0.88 crore