A Infrastructure Q2 net profit down 90.54% at Rs 0.49 cr
13/11/2019 20:40
The company reported standalone net profit of Rs 0.49 crore for the quarter ended September 30, 2019 as compared to Rs 5.18 crore in the same period last year, registering a year-on-year decline of 90.54 per cent.

Net revenue of the company declined marginally by 2.18 per cent at Rs 51.24 crore in July-September quarter of this fiscal as against Rs 52.38 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 2.24 per cent to Rs 47.96 crore from Rs 49.06 crore in year ago period.

Other Income dipped by 97.16 per cent at Rs 0.14 crore versus (Sep'18 Rs 4.93 crore).

Operating Profit slipped by 1.20 per cent to Rs 3.28 crore as against Rs 3.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.26 per cent in September quarter.

Interest grew by 4.95 per cent y-o-y to Rs 1.91 crore, while Taxation decreased by 51.72 per cent at Rs 0.28 crore (Sep'18 Rs 0.58 crore).