18 Feb 2019 | 2:36 AM

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COMPANYNEWS
Virinchi L Q3 net profit jumps 42.02% at Rs 6.32 cr
  Virinchi Ltd. | 15 Feb 2019 | 02:46 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 6.32 crore for the quarter ended December 31 2018 as compared to Rs 4.45 crore in the same period last year registering a year-on-year growth of 42.02 per cent.


Net revenue of the company rose substantially by 22.31 per cent at Rs 53.18 crore in October-December quarter of this fiscal as against Rs 43.48 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 16.05 per cent to Rs 35.43 crore from Rs 30.53 crore in year ago period.


Other Income grew by 800.00 per cent at Rs 0.45 crore versus (Dec`17 Rs 0.05 crore).


Operating Profit surged by 37.07 per cent to Rs 17.75 crore as against Rs 12.95 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 12.09 per cent in December quarter.


Interest grew by 112.98 per cent y-o-y to Rs 2.79 crore while Taxation increased by 75.69 per cent at Rs 3.18 crore (Dec`17 Rs 1.81 crore).