25 Jun 2019 | 10:21 PM

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COMPANYNEWS
Bhagyanagar Properti Q4 net profit zooms 1122.22% at Rs 3.30 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 3.30 crore for the quarter ended March 31 2019 as compared to Rs 0.27 crore in the same period last year registering a year-on-year growth of 1122.22 per cent.


Net revenue of the company rose three fold by 1459.09 per cent at Rs 3.43 crore in January-March quarter of this fiscal as against Rs 0.22 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 2300.00 per cent to Rs 0.96 crore from Rs 0.04 crore in year ago period.


Other Income grew by 20.00 per cent at Rs 0.18 crore versus (Mar`18 Rs 0.15 crore).


Operating Profit surged by 1272.22 per cent to Rs 2.47 crore as against Rs 0.18 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 14.04 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.06 crore while Taxation decreased by 1540.00 per cent at Rs -0.72 crore (Mar`18 Rs 0.05 crore).