18 Feb 2019 | 2:28 AM

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COMPANYNEWS
CESC Ventures Q3 net profit jumps 59.39% at Rs 3.14 cr
  CESC Ventures Ltd. | 15 Feb 2019 | 02:46 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 3.14 crore for the quarter ended December 31 2018 as compared to Rs 1.97 crore in the same period last year registering a year-on-year growth of 59.39 per cent.


Net revenue of the company rose substantially by 22.31 per cent at Rs 15.35 crore in October-December quarter of this fiscal as against Rs 12.55 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 30.60 per cent to Rs 13.36 crore from Rs 10.23 crore in year ago period.


Other Income grew by 197.22 per cent at Rs 2.14 crore versus (Dec`17 Rs 0.72 crore).


Operating Profit slipped by 14.22 per cent to Rs 1.99 crore as against Rs 2.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 29.91 per cent in December quarter.


Taxation decreased by 7.48 per cent at Rs 0.99 crore (Dec`17 Rs 1.07 crore).