05 Dec 2019 | 9:06 PM

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COMPANYNEWS
Alfavision Over Q2 net profit jumps 100.00% at Rs 0.02 cr
  Alfavision Overseas (India) Ltd. | 21 Nov 2019 | 04:01 PM
Published on 11-18-2019
The company reported standalone net profit of Rs 0.02 crore for the quarter ended September 30 2019 as compared to Rs 0.01 crore in the same period last year registering a year-on-year growth of 100.00 per cent.


Net revenue of the company rose three fold by 422.85 per cent at Rs 27.92 crore in July-September quarter of this fiscal as against Rs 5.34 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 412.83 per cent to Rs 27.59 crore from Rs 5.38 crore in year ago period.


Operating Profit surged by 900.00 per cent to Rs 0.32 crore as against Rs -0.04 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 256.76 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.27 crore