27 Jun 2019 | 7:09 PM

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COMPANYNEWS
Aksh Optifibre Q3 net profit up 33.74% at Rs 8.76 cr
  Aksh Optifibre Ltd. | 27 Jun 2019 | 04:01 PM
Published on 02-13-2019
The company reported standalone net profit of Rs 8.76 crore for the quarter ended December 31 2018 as compared to Rs 6.55 crore in the same period last year registering a year-on-year growth of 33.74 per cent.


Net revenue of the company declined moderately by 10.62 per cent at Rs 137.65 crore in October-December quarter of this fiscal as against Rs 154.01 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 17.21 per cent to Rs 113.32 crore from Rs 136.87 crore in year ago period.


Other Income grew by 58.91 per cent at Rs 2.05 crore versus (Dec`17 Rs 1.29 crore).


Operating Profit surged by 41.95 per cent to Rs 24.33 crore as against Rs 17.14 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 58.76 per cent in December quarter.


Interest grew by 146.28 per cent y-o-y to Rs 7.61 crore while Taxation increased by 43.97 per cent at Rs 5.01 crore (Dec`17 Rs 3.48 crore).