26 Jun 2019 | 6:29 PM

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Mukesh Babu Q1 net profit jumps 82.67% at Rs 1.37 cr
  Mukesh Babu Financial Services Ltd. | 19 Jun 2019 | 03:41 PM
Published on 08-17-2017
The company reported standalone net profit of Rs 1.37 crore for the quarter ended June 30 2017 as compared to Rs 0.75 crore in the same period last year registering a year-on-year growth of 82.67 per cent.


Net revenue of the company rose moderately by 13.17 per cent at Rs 1.89 crore in April-June quarter of this fiscal as against Rs 1.67 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 16.67 per cent to Rs 0.15 crore from Rs 0.18 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Jun'16 Rs 0.02 crore).


Operating Profit surged by 16.11 per cent to Rs 1.73 crore as against Rs 1.49 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.30 per cent in June quarter.


Interest declined by 36.59 per cent y-o-y to Rs 0.26 crore while Taxation decreased by 66.67 per cent at Rs 0.11 crore (Jun'16 Rs 0.33 crore).