23 Jan 2020 | 8:21 PM

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COMPANYNEWS
Ajcon Global Service Q2 net profit zooms 350.00% at Rs 0.09 cr
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Published on 12-13-2019
The company reported standalone net profit of Rs 0.09 crore for the quarter ended September 30 2019 as compared to Rs 0.02 crore in the same period last year registering a year-on-year growth of 350.00 per cent.


Net revenue of the company rose three fold by 531.75 per cent at Rs 7.96 crore in July-September quarter of this fiscal as against Rs 1.26 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 617.92 per cent to Rs 7.61 crore from Rs 1.06 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Sep`18 Rs 0.02 crore).


Operating Profit surged by 75.00 per cent to Rs 0.35 crore as against Rs 0.20 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.39 per cent in September quarter.


Interest grew by 13.33 per cent y-o-y to Rs 0.17 crore while Taxation increased by 100.00 per cent at Rs 0.02 crore (Sep`18 Rs 0.01 crore).