25 Jun 2019 | 10:29 PM

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COMPANYNEWS
Career Point Q4 net profit down 24.44% at Rs 0.68 cr
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Published on 05-21-2019
The company reported standalone net profit of Rs 0.68 crore for the quarter ended March 31 2019 as compared to Rs 0.90 crore in the same period last year registering a year-on-year decline of 24.44 per cent.


Net revenue of the company rose moderately by 10.45 per cent at Rs 15.33 crore in January-March quarter of this fiscal as against Rs 13.88 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 10.90 per cent to Rs 15.46 crore from Rs 13.94 crore in year ago period.


Other Income grew by 41.11 per cent at Rs 3.81 crore versus (Mar`18 Rs 2.70 crore).


Operating Profit surged by 85.71 per cent to Rs -0.13 crore as against Rs -0.07 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 70.83 per cent in March quarter.


Interest grew by 64.52 per cent y-o-y to Rs 1.53 crore while Taxation increased by 313.64 per cent at Rs 0.47 crore (Mar`18 Rs -0.22 crore).