21 Oct 2020 | 2:02 PM

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COMPANYNEWS
Dolat Investment Q3 net profit up 17.33% at Rs 15.57 cr
  Dolat Investments Ltd. | 17 Jan 2020 | 10:51 AM
Published on 01-16-2020
The company reported standalone net profit of Rs 15.57 crore for the quarter ended December 31 2019 as compared to Rs 13.27 crore in the same period last year registering a year-on-year growth of 17.33 per cent.


Net revenue of the company declined substantially by 63.52 per cent at Rs 10.85 crore in October-December quarter of this fiscal as against Rs 29.74 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 60.72 per cent to Rs 3.17 crore from Rs 8.07 crore in year ago period.


Other Income grew by 54033.33 per cent at Rs 16.24 crore versus (Dec`18 Rs 0.03 crore).


Operating Profit slipped by 64.56 per cent to Rs 7.68 crore as against Rs 21.67 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2.88 per cent in December quarter.


Interest grew by 433.33 per cent y-o-y to Rs 6.88 crore while Taxation decreased by 79.41 per cent at Rs 1.47 crore (Dec`18 Rs 7.14 crore).