09 Dec 2019 | 11:53 AM


Crescent Leasing posts Q4 net profit of Rs 0.12 cr
  Crescent Leasing Ltd. | 03 Dec 2019 | 04:01 PM
Published on 06-01-2019
The company reported standalone net profit during the quarter stood at Rs 0.12 crore compared to net loss of Rs 0.69 crore in the previous year quarter.

Net revenue of the company declined substantially by 21.07 per cent at Rs 11.54 crore in January-March quarter of this fiscal as against Rs 14.62 crore in the corresponding period last year.

During January-March quarter operating expenses dropped by 25.20 per cent to Rs 11.43 crore from Rs 15.28 crore in year ago period.

Operating Profit surged by 118.18 per cent to Rs 0.12 crore as against Rs -0.66 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 122.27 per cent in March quarter.