16 Jul 2019 | 4:48 PM

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Optiemus Infracom Q3 net profit down 72.91% at Rs 0.68 cr
  Optiemus Infracom Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.68 crore for the quarter ended December 31 2018 as compared to Rs 2.51 crore in the same period last year registering a year-on-year decline of 72.91 per cent.


Net revenue of the company rose substantially by 34.92 per cent at Rs 111.16 crore in October-December quarter of this fiscal as against Rs 82.39 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 52.45 per cent to Rs 109.81 crore from Rs 72.03 crore in year ago period.


Other Income grew by 168.81 per cent at Rs 8.36 crore versus (Dec`17 Rs 3.11 crore).


Operating Profit slipped by 86.97 per cent to Rs 1.35 crore as against Rs 10.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 90.37 per cent in December quarter.


Interest declined by 11.67 per cent y-o-y to Rs 5.83 crore while Taxation decreased by 67.41 per cent at Rs 0.44 crore (Dec`17 Rs 1.35 crore).