09 Dec 2019 | 1:18 AM

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COMPANYNEWS
Central Depository Q2 net profit down 0.63% at Rs 21.95 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 21.95 crore for the quarter ended September 30 2019 as compared to Rs 22.09 crore in the same period last year registering a year-on-year decline of 0.63 per cent.


Net revenue of the company declined marginally by 1.07 per cent at Rs 40.59 crore in July-September quarter of this fiscal as against Rs 41.03 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 32.53 per cent to Rs 22.08 crore from Rs 16.66 crore in year ago period.


Other Income grew by 66.85 per cent at Rs 11.98 crore versus (Sep`18 Rs 7.18 crore).


Operating Profit slipped by 24.00 per cent to Rs 18.52 crore as against Rs 24.37 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 23.20 per cent in September quarter.


Taxation decreased by 13.05 per cent at Rs 6.53 crore (Sep`18 Rs 7.51 crore).