Abhinav Capital Serv posts Q2 net loss of Rs 0.05 cr
13/11/2019 17:20
The company reported standalone net loss during the quarter stood at Rs 0.05 crore compared to net profit of Rs 0.55 crore in the previous year quarter.ΓΏ

Net revenue of the company rose substantially by 78.46 per cent at Rs 1.16 crore in July-September quarter of this fiscal as against Rs 0.65 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 950.00 per cent to Rs 0.63 crore from Rs 0.06 crore in year ago period.

Operating Profit slipped by 10.17 per cent to Rs 0.53 crore as against Rs 0.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.37 per cent in September quarter.

Interest grew by 4000.00 per cent y-o-y to Rs 0.41 crore, while Taxation decreased by 28.00 per cent at Rs 0.18 crore (Sep'18 Rs 0.25 crore).