16 Jul 2019 | 4:43 PM

News

COMPANYNEWS
Arihant Foundat Q3 net profit jumps 48.15% at Rs 0.40 cr
  Arihant Foundations & Housing Ltd. | 12 Jul 2019 | 04:01 PM
Published on 02-15-2018
The company reported standalone net profit of Rs 0.40 crore for the quarter ended December 31 2017 as compared to Rs 0.27 crore in the same period last year registering a year-on-year growth of 48.15 per cent.


Net revenue of the company declined substantially by 75.75 per cent at Rs 3.32 crore in October-December quarter of this fiscal as against Rs 13.69 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 67.61 per cent to Rs 5.01 crore from Rs 15.47 crore in year ago period.


Other Income grew by 25.31 per cent at Rs 5.00 crore versus (Dec'16 Rs 3.99 crore).


Operating Profit surged by 412.12 per cent to Rs -1.69 crore as against Rs -0.33 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1986.07 per cent in December quarter.


Interest declined by 12.54 per cent y-o-y to Rs 2.65 crore while Taxation decreased by 30.77 per cent at Rs 0.09 crore (Dec'16 Rs 0.13 crore).