06 Dec 2019 | 6:53 AM

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COMPANYNEWS
Arihant Capital Q2 net profit jumps 43.41% at Rs 5.88 cr
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Published on 11-20-2019
The company reported standalone net profit of Rs 5.88 crore for the quarter ended September 30 2019 as compared to Rs 4.10 crore in the same period last year registering a year-on-year growth of 43.41 per cent.


Net revenue of the company rose marginally by 4.92 per cent at Rs 18.97 crore in July-September quarter of this fiscal as against Rs 18.08 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 7.76 per cent to Rs 11.06 crore from Rs 11.99 crore in year ago period.


Other Income grew by 17.10 per cent at Rs 2.26 crore versus (Sep`18 Rs 1.93 crore).


Operating Profit surged by 29.67 per cent to Rs 7.91 crore as against Rs 6.10 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.70 per cent in September quarter.


Interest declined by 9.28 per cent y-o-y to Rs 2.15 crore while Taxation increased by 46.46 per cent at Rs 1.86 crore (Sep`18 Rs 1.27 crore).