18 Feb 2019 | 2:31 AM

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COMPANYNEWS
CFSL L Q3 net profit down 48.61% at Rs 0.37 cr
  CFSL Ltd. | 13 Feb 2019 | 04:01 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.37 crore for the quarter ended December 31 2018 as compared to Rs 0.72 crore in the same period last year registering a year-on-year decline of 48.61 per cent.


Net revenue of the company rose three fold by 1020.83 per cent at Rs 2.69 crore in October-December quarter of this fiscal as against Rs 0.24 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 802.94 per cent to Rs 2.39 crore from Rs -0.34 crore in year ago period.


Other Income grew by 42.86 per cent at Rs 0.20 crore versus (Dec`17 Rs 0.14 crore).


Operating Profit slipped by 48.28 per cent to Rs 0.30 crore as against Rs 0.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 95.33 per cent in December quarter.


Taxation increased by 0.00 per cent at Rs 0.13 crore (Dec`17 Rs 0.00 crore).