18 Feb 2019 | 2:36 AM

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COMPANYNEWS
Karuturi Global Q3 net profit up 12.79% at Rs 0.97 cr
  Karuturi Global Ltd. | 15 Feb 2019 | 02:20 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.97 crore for the quarter ended December 31 2018 as compared to Rs 0.86 crore in the same period last year registering a year-on-year growth of 12.79 per cent.


Net revenue of the company rose two fold by 233.01 per cent at Rs 6.96 crore in October-December quarter of this fiscal as against Rs 2.09 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 148.44 per cent to Rs 5.59 crore from Rs 2.25 crore in year ago period.


Operating Profit surged by 956.25 per cent to Rs 1.37 crore as against Rs -0.16 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 356.98 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore while Taxation decreased by 96.15 per cent at Rs -0.03 crore (Dec`17 Rs -0.78 crore).