18 Feb 2019 | 2:27 AM

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Tiger Logistics (Ind Q3 net profit down 89.26% at Rs 0.32 cr
  Tiger Logistics (India) Ltd. | 15 Feb 2019 | 02:46 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.32 crore for the quarter ended December 31 2018 as compared to Rs 2.98 crore in the same period last year registering a year-on-year decline of 89.26 per cent.


Net revenue of the company declined marginally by 2.21 per cent at Rs 78.32 crore in October-December quarter of this fiscal as against Rs 80.09 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 3.02 per cent to Rs 77.17 crore from Rs 74.91 crore in year ago period.


Other Income grew by 300.00 per cent at Rs 0.24 crore versus (Dec`17 Rs 0.06 crore).


Operating Profit slipped by 77.80 per cent to Rs 1.15 crore as against Rs 5.18 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 77.43 per cent in December quarter.


Interest grew by 21.43 per cent y-o-y to Rs 0.68 crore while Taxation decreased by 92.86 per cent at Rs 0.11 crore (Dec`17 Rs 1.54 crore).