25 Jun 2019 | 10:23 PM

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COMPANYNEWS
Tera Software Q4 net profit zooms 108.70% at Rs 2.40 cr
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Published on 05-24-2019
The company reported standalone net profit of Rs 2.40 crore for the quarter ended March 31 2019 as compared to Rs 1.15 crore in the same period last year registering a year-on-year growth of 108.70 per cent.


Net revenue of the company rose substantially by 90.42 per cent at Rs 107.72 crore in January-March quarter of this fiscal as against Rs 56.57 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 91.11 per cent to Rs 101.86 crore from Rs 53.30 crore in year ago period.


Other Income dipped by 7.04 per cent at Rs 0.66 crore versus (Mar`18 Rs 0.71 crore).


Operating Profit surged by 79.20 per cent to Rs 5.86 crore as against Rs 3.27 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 5.72 per cent in March quarter.


Interest grew by 35.53 per cent y-o-y to Rs 2.06 crore while Taxation increased by 111.94 per cent at Rs 1.42 crore (Mar`18 Rs 0.67 crore).