06 Dec 2019 | 2:35 PM

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COMPANYNEWS
Compucom Softwr Q2 net profit down 85.58% at Rs 0.45 cr
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Published on 11-19-2019
The company reported standalone net profit of Rs 0.45 crore for the quarter ended September 30 2019 as compared to Rs 3.12 crore in the same period last year registering a year-on-year decline of 85.58 per cent.

Net revenue of the company declined substantially by 80.26 per cent at Rs 4.14 crore in July-September quarter of this fiscal as against Rs 20.97 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 73.39 per cent to Rs 3.77 crore from Rs 14.17 crore in year ago period.

Other Income grew by 118.18 per cent at Rs 0.96 crore versus (Sep`18 Rs 0.44 crore).

Operating Profit slipped by 94.56 per cent to Rs 0.37 crore as against Rs 6.80 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.71 per cent in September quarter.

Interest declined by 53.23 per cent y-o-y to Rs 0.29 crore while Taxation decreased by 75.25 per cent at Rs 0.25 crore (Sep`18 Rs 1.01 crore).