20 Jul 2019 | 8:01 PM

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Arihant Foundat Q4 net profit jumps 57.89% at Rs 0.30 cr
  Arihant Foundations & Housing Ltd. | 12 Jul 2019 | 04:01 PM
Published on 05-31-2018
The company reported standalone net profit of Rs 0.30 crore for the quarter ended March 31 2018 as compared to Rs 0.19 crore in the same period last year registering a year-on-year growth of 57.89 per cent.


Net revenue of the company declined substantially by 48.75 per cent at Rs 5.55 crore in January-March quarter of this fiscal as against Rs 10.83 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 11.19 per cent to Rs 7.62 crore from Rs 8.58 crore in year ago period.


Other Income grew by 415.13 per cent at Rs 6.13 crore versus (Mar'17 Rs 1.19 crore).


Operating Profit slipped by 192.00 per cent to Rs -2.07 crore as against Rs 2.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 279.41 per cent in March quarter.


Interest grew by 25.00 per cent y-o-y to Rs 3.60 crore