18 Feb 2019 | 2:30 AM

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COMPANYNEWS
Nila Infrastructures Q3 net profit down 10.88% at Rs 5.24 cr
  Nila Infrastructures Ltd. | 15 Feb 2019 | 02:40 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 5.24 crore for the quarter ended December 31 2018 as compared to Rs 5.88 crore in the same period last year registering a year-on-year decline of 10.88 per cent.


Net revenue of the company declined marginally by 1.48 per cent at Rs 53.09 crore in October-December quarter of this fiscal as against Rs 53.89 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 2.84 per cent to Rs 43.40 crore from Rs 44.67 crore in year ago period.


Other Income dipped by 59.73 per cent at Rs 1.51 crore versus (Dec`17 Rs 3.75 crore).


Operating Profit surged by 5.10 per cent to Rs 9.69 crore as against Rs 9.22 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 6.66 per cent in December quarter.


Interest declined by 23.61 per cent y-o-y to Rs 3.17 crore while Taxation decreased by 8.03 per cent at Rs 2.29 crore (Dec`17 Rs 2.49 crore).