18 Jun 2019 | 3:14 PM

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COMPANYNEWS
Explicit Finance posts Q4 net profit of Rs 0.03 cr
  Explicit Finance Ltd. | 12 Jun 2019 | 03:41 PM
Published on 05-30-2018
The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 0.51 crore in the previous year quarter.


Net revenue of the company rose substantially by 29.21 per cent at Rs 2.30 crore in January-March quarter of this fiscal as against Rs 1.78 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 59.59 per cent to Rs 2.33 crore from Rs 1.46 crore in year ago period.


Other Income grew by 111.76 per cent at Rs 0.06 crore versus (Mar'17 Rs -0.51 crore).


Operating Profit slipped by 109.38 per cent to Rs -0.03 crore as against Rs 0.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 107.92 per cent in March quarter.