25 Jun 2019 | 10:29 PM

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COMPANYNEWS
Greencrest Financial posts Q4 net profit of Rs 0.22 cr
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Published on 05-24-2019
The company reported standalone net profit during the quarter stood at Rs 0.22 crore compared to net loss of Rs 1.92 crore in the previous year quarter.


Net revenue of the company declined substantially by 93.29 per cent at Rs 1.46 crore in January-March quarter of this fiscal as against Rs 21.77 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 84.68 per cent to Rs 3.59 crore from Rs 23.43 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 2.73 crore versus (Mar`18 Rs 0.00 crore).


Operating Profit surged by 27.71 per cent to Rs -2.12 crore as against Rs -1.66 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1810.12 per cent in March quarter.


Interest grew by 50.00 per cent y-o-y to Rs 0.06 crore while Taxation increased by 38.10 per cent at Rs 0.29 crore (Mar`18 Rs 0.21 crore).