16 Jul 2019 | 4:43 PM

News

COMPANYNEWS
Axtel Industries Q3 net profit zooms 683.10% at Rs 5.56 cr
  Axtel Industries Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-07-2019
The company reported standalone net profit of Rs 5.56 crore for the quarter ended December 31 2018 as compared to Rs 0.71 crore in the same period last year registering a year-on-year growth of 683.10 per cent.


Net revenue of the company rose triple digit by 101.32 per cent at Rs 28.97 crore in October-December quarter of this fiscal as against Rs 14.39 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 82.52 per cent to Rs 23.91 crore from Rs 13.10 crore in year ago period.


Other Income grew by 142.31 per cent at Rs 0.63 crore versus (Dec`17 Rs 0.26 crore).


Operating Profit surged by 288.46 per cent to Rs 5.05 crore as against Rs 1.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 93.46 per cent in December quarter.


Interest declined by 27.78 per cent y-o-y to Rs 0.13 crore