Airan Q1 net profit jumps 41.84% at Rs 1.39 cr
20/08/2019 11:50
The company reported standalone net profit of Rs 1.39 crore for the quarter ended June 30, 2019 as compared to Rs 0.98 crore in the same period last year, registering a year-on-year growth of 41.84 per cent.

Net revenue of the company rose substantially by 35.81 per cent at Rs 12.63 crore in April-June quarter of this fiscal as against Rs 9.30 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 41.17 per cent to Rs 9.91 crore from Rs 7.02 crore in year ago period.

Other Income dipped by 50.79 per cent at Rs 0.31 crore versus (Jun'18 Rs 0.63 crore).

Operating Profit surged by 19.74 per cent to Rs 2.73 crore as against Rs 2.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.00 per cent in June quarter.

Interest declined by 15.00 per cent y-o-y to Rs 0.17 crore, while Taxation increased by 33.33 per cent at Rs 0.56 crore (Jun'18 Rs 0.42 crore).