18 Feb 2019 | 2:28 AM

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COMPANYNEWS
Srestha Finvest Q3 net profit down 3.45% at Rs 0.28 cr
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Published on 02-12-2019
The company reported standalone net profit of Rs 0.28 crore for the quarter ended December 31 2018 as compared to Rs 0.29 crore in the same period last year registering a year-on-year decline of 3.45 per cent.


Net revenue of the company rose substantially by 37.84 per cent at Rs 1.02 crore in October-December quarter of this fiscal as against Rs 0.74 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 56.25 per cent to Rs 0.25 crore from Rs 0.16 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec`17 Rs 0.00 crore).


Operating Profit surged by 32.76 per cent to Rs 0.77 crore as against Rs 0.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.29 per cent in December quarter.


Interest grew by 72.41 per cent y-o-y to Rs 0.50 crore