17 Jul 2019 | 6:46 AM

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COMPANYNEWS
Arihant Foundations Q2 net profit zooms 206.45%
  Arihant Foundations & Housing Ltd. | 12 Jul 2019 | 04:01 PM
Published on 12-15-2017
The company reported standalone net profit of Rs 0.95 crore for the quarter ended September 30 2017 as compared to Rs 0.31 crore in the same period last year registering a year-on-year growth of 206.45 per cent.


Net revenue of the company rose substantially by 42.98 per cent at Rs 9.98 crore in July-September quarter of this fiscal as against Rs 6.98 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 22.02 per cent to Rs 9.42 crore from Rs 7.72 crore in year ago period.


Other Income grew by 37.07 per cent at Rs 4.03 crore versus (Sep'16 Rs 2.94 crore).


Operating Profit slipped by 24.32 per cent to Rs 0.56 crore as against Rs 0.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 47.42 per cent in September quarter.


Interest grew by 6.33 per cent y-o-y to Rs 3.19 crore while Taxation increased by 86.67 per cent at Rs 0.28 crore (Sep'16 Rs 0.15 crore).