16 Jul 2019 | 6:32 PM

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COMPANYNEWS
Ashima Q3 net profit zooms 225.51% at Rs 80.01 cr
  Ashima Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-12-2018
The company reported standalone net profit of Rs 80.01 crore for the quarter ended December 31 2017 as compared to Rs 24.58 crore in the same period last year registering a year-on-year growth of 225.51 per cent.


Net revenue of the company rose substantially by 32.99 per cent at Rs 68.21 crore in October-December quarter of this fiscal as against Rs 51.29 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 31.77 per cent to Rs 67.52 crore from Rs 51.24 crore in year ago period.


Other Income grew by 580.00 per cent at Rs 0.34 crore versus (Dec'16 Rs 0.05 crore).


Operating Profit surged by 1625.00 per cent to Rs 0.69 crore as against Rs 0.04 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1022.22 per cent in December quarter.


Interest declined by 66.81 per cent y-o-y to Rs 0.75 crore