18 Feb 2019 | 2:35 AM


SPS Internationa posts Q3 net profit of Rs 0.99 cr
Published on 02-12-2019
The company reported standalone net profit during the quarter stood at Rs 0.99 crore compared to net loss of Rs 0.92 crore in the previous year quarter.

Net revenue of the company rose three fold by 1037.77 per cent at Rs 21.39 crore in October-December quarter of this fiscal as against Rs 1.88 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 661.82 per cent to Rs 20.95 crore from Rs 2.75 crore in year ago period.

Other Income grew by 1457.14 per cent at Rs 1.09 crore versus (Dec`17 Rs 0.07 crore).

Operating Profit surged by 150.57 per cent to Rs 0.44 crore as against Rs -0.87 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 104.42 per cent in December quarter.

Interest grew by 50.00 per cent y-o-y to Rs 0.03 crore while Taxation increased by 0.00 per cent at Rs 0.33 crore (Dec`17 Rs 0.00 crore).