Lotus Eye Hospital Q2 net profit zooms 1620.00% at Rs 0.86 cr
15/11/2019 14:20
The company reported standalone net profit of Rs 0.86 crore for the quarter ended September 30, 2019 as compared to Rs 0.05 crore in the same period last year, registering a year-on-year growth of 1620.00 per cent.

Net revenue of the company rose moderately by 15.11 per cent at Rs 10.59 crore in July-September quarter of this fiscal as against Rs 9.20 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 4.79 per cent to Rs 8.97 crore from Rs 8.56 crore in year ago period.

Other Income grew by 50.00 per cent at Rs 0.27 crore versus (Sep'18 Rs 0.18 crore).

Operating Profit surged by 153.13 per cent to Rs 1.62 crore as against Rs 0.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 120.14 per cent in September quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 4100.00 per cent at Rs 0.40 crore (Sep'18 Rs -0.01 crore).