18 Jun 2019 | 3:08 PM

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COMPANYNEWS
Asit C Mehta Financial Q2 net profit up 25.00% at Rs 0.05 cr
  Asit C Mehta Financial Services Ltd. | 18 Jun 2019 | 02:36 PM
Published on 12-14-2017
The company reported standalone net profit of Rs 0.05 crore for the quarter ended September 30 2017 as compared to Rs 0.04 crore in the same period last year registering a year-on-year growth of 25.00 per cent.


Net revenue of the company declined moderately by 7.10 per cent at Rs 1.57 crore in July-September quarter of this fiscal as against Rs 1.69 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 25.64 per cent to Rs 0.29 crore from Rs 0.39 crore in year ago period.


Other Income grew by 250.00 per cent at Rs 0.07 crore versus (Sep'16 Rs 0.02 crore).


Operating Profit slipped by 2.29 per cent to Rs 1.28 crore as against Rs 1.31 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 5.44 per cent in September quarter.


Interest grew by 15.96 per cent y-o-y to Rs 1.09 crore while Taxation increased by 0.00 per cent at Rs 0.04 crore (Sep'16 Rs 0.00 crore).