07 Jul 2020 | 5:44 PM

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Dolat Investment Q2 net profit jumps 64.65% at Rs 20.73 cr
  Dolat Investments Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-08-2019
The company reported standalone net profit of Rs 20.73 crore for the quarter ended September 30 2019 as compared to Rs 12.59 crore in the same period last year registering a year-on-year growth of 64.65 per cent.


Net revenue of the company declined substantially by 28.69 per cent at Rs 21.80 crore in July-September quarter of this fiscal as against Rs 30.57 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 42.75 per cent to Rs 5.37 crore from Rs 9.38 crore in year ago period.


Other Income grew by 29400.00 per cent at Rs 8.85 crore versus (Sep`18 Rs 0.03 crore).


Operating Profit slipped by 22.46 per cent to Rs 16.43 crore as against Rs 21.19 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.74 per cent in September quarter.


Interest grew by 35.78 per cent y-o-y to Rs 2.96 crore while Taxation decreased by 75.39 per cent at Rs 1.59 crore (Sep`18 Rs 6.46 crore).