Renaissance Global Q1 net profit down 32.46% at Rs 4.39 cr
14/08/2019 13:00
The company reported standalone net profit of Rs 4.39 crore for the quarter ended June 30, 2019 as compared to Rs 6.50 crore in the same period last year, registering a year-on-year decline of 32.46 per cent.

Net revenue of the company declined by 0.50 per cent at Rs 234.65 crore in April-June quarter of this fiscal as against Rs 235.82 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 0.70 per cent to Rs 223.28 crore from Rs 224.85 crore in year ago period.

Other Income dipped by 42.62 per cent at Rs 0.35 crore versus (Jun'18 Rs 0.61 crore).

Operating Profit surged by 3.65 per cent to Rs 11.37 crore as against Rs 10.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.09 per cent in June quarter.

Interest grew by 59.56 per cent y-o-y to Rs 2.92 crore, while Taxation increased by 38.21 per cent at Rs 1.70 crore (Jun'18 Rs 1.23 crore).