20 Jun 2019 | 3:58 PM

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COMPANYNEWS
Mallcom (India) L Q4 net profit up 20.50% at Rs 2.88 cr
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Published on 05-27-2019
The company reported standalone net profit of Rs 2.88 crore for the quarter ended March 31 2019 as compared to Rs 2.39 crore in the same period last year registering a year-on-year growth of 20.50 per cent.


Net revenue of the company rose substantially by 21.00 per cent at Rs 87.34 crore in January-March quarter of this fiscal as against Rs 72.18 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 16.54 per cent to Rs 80.38 crore from Rs 68.97 crore in year ago period.


Other Income dipped by 95.22 per cent at Rs 0.14 crore versus (Mar`18 Rs 2.93 crore).


Operating Profit surged by 117.50 per cent to Rs 6.96 crore as against Rs 3.20 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 79.50 per cent in March quarter.


Interest declined by 22.76 per cent y-o-y to Rs 0.95 crore while Taxation increased by 29.37 per cent at Rs 1.63 crore (Mar`18 Rs 1.26 crore).