20 Jun 2019 | 3:46 PM

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COMPANYNEWS
Olympic Cards posts Q4 net profit of Rs 0.31 cr
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Published on 05-27-2019
The company reported standalone net profit during the quarter stood at Rs 0.31 crore compared to net loss of Rs 0.30 crore in the previous year quarter.


Net revenue of the company declined moderately by 16.44 per cent at Rs 9.91 crore in January-March quarter of this fiscal as against Rs 11.86 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 20.64 per cent to Rs 8.38 crore from Rs 10.56 crore in year ago period.


Other Income dipped by 25.93 per cent at Rs 0.20 crore versus (Mar`18 Rs 0.27 crore).


Operating Profit surged by 17.69 per cent to Rs 1.53 crore as against Rs 1.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 41.00 per cent in March quarter.


Interest declined by 10.56 per cent y-o-y to Rs 1.27 crore while Taxation increased by 82.86 per cent at Rs -0.64 crore (Mar`18 Rs -0.35 crore).