Indo Tech Transforme posts Q2 net profit of Rs 2.78 cr
14/11/2019 15:00
The company reported standalone net profit during the quarter stood at Rs 2.78 crore compared to net loss of Rs 1.13 crore in the previous year quarter.

Net revenue of the company rose substantially by 21.85 per cent at Rs 60.78 crore in July-September quarter of this fiscal as against Rs 49.88 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 19.21 per cent to Rs 59.77 crore from Rs 50.14 crore in year ago period.

Other Income grew by 283.87 per cent at Rs 1.19 crore versus (Sep'18 Rs 0.31 crore).

Operating Profit surged by 488.46 per cent to Rs 1.01 crore as against Rs -0.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 419.23 per cent in September quarter.

Interest declined by 25.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 0.00 per cent at Rs -1.82 crore (Sep'18 Rs 0.00 crore).