20 Jun 2019 | 7:38 AM

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COMPANYNEWS
Apoorva Leasing Finance & Investment Q3 net profit zooms
  Apoorva Leasing Finance & Investment Co. Ltd. | 18 Jun 2019 | 04:01 PM
Published on 02-12-2018
The company reported standalone net profit of Rs 0.40 crore for the quarter ended December 31 2017 as compared to Rs 0.12 crore in the same period last year registering a year-on-year growth of 233.33 per cent.


Net revenue of the company rose three fold by 577.78 per cent at Rs 2.44 crore in October-December quarter of this fiscal as against Rs 0.36 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 900.00 per cent to Rs 1.90 crore from Rs 0.19 crore in year ago period.


Operating Profit surged by 217.65 per cent to Rs 0.54 crore as against Rs 0.17 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 52.69 per cent in December quarter.


Taxation increased by 180.00 per cent at Rs 0.14 crore (Dec'16 Rs 0.05 crore).