20 Jun 2019 | 3:46 PM

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Akme Star Housing Q4 net profit zooms 101.67% at Rs 1.21 cr
  Akme Star Housing Finance Ltd. | 20 Jun 2019 | 03:41 PM
Published on 05-22-2019
The company reported standalone net profit of Rs 1.21 crore for the quarter ended March 31 2019 as compared to Rs 0.60 crore in the same period last year registering a year-on-year growth of 101.67 per cent.


Net revenue of the company rose substantially by 37.87 per cent at Rs 3.24 crore in January-March quarter of this fiscal as against Rs 2.35 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 11.36 per cent to Rs 0.39 crore from Rs 0.44 crore in year ago period.


Other Income grew by 33.33 per cent at Rs 0.12 crore versus (Mar`18 Rs 0.09 crore).


Operating Profit surged by 50.00 per cent to Rs 2.85 crore as against Rs 1.90 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.57 per cent in March quarter.


Interest grew by 50.00 per cent y-o-y to Rs 1.20 crore while Taxation decreased by 1.72 per cent at Rs 0.57 crore (Mar`18 Rs 0.58 crore).