08 Dec 2019 | 6:53 AM

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COMPANYNEWS
CIL Securities L Q4 net profit down 41.18% at Rs 0.10 cr
  CIL Securities Ltd. | 06 Dec 2019 | 03:46 PM
Published on 05-25-2019
The company reported standalone net profit of Rs 0.10 crore for the quarter ended March 31 2019 as compared to Rs 0.17 crore in the same period last year registering a year-on-year decline of 41.18 per cent.


Net revenue of the company declined substantially by 30.19 per cent at Rs 1.11 crore in January-March quarter of this fiscal as against Rs 1.59 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 25.98 per cent to Rs 0.94 crore from Rs 1.27 crore in year ago period.


Operating Profit slipped by 46.88 per cent to Rs 0.17 crore as against Rs 0.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.99 per cent in March quarter.


Taxation decreased by 72.73 per cent at Rs 0.03 crore (Mar`18 Rs 0.11 crore).