25 Jun 2019 | 10:29 PM


Niyogin Fintech posts Q4 net loss of Rs 2.34 cr
Published on 05-23-2019
The company reported standalone net loss during the quarter stood at Rs 2.34 crore compared to net profit of Rs 0.29 crore in the previous year quarter. 

Net revenue of the company rose substantially by 85.52 per cent at Rs 5.51 crore in January-March quarter of this fiscal as against Rs 2.97 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 68.81 per cent to Rs 8.12 crore from Rs 4.81 crore in year ago period.

Other Income dipped by 62.55 per cent at Rs 0.94 crore versus (Mar`18 Rs 2.51 crore).

Operating Profit surged by 41.85 per cent to Rs -2.61 crore as against Rs -1.84 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.31 per cent in March quarter.