09 Dec 2019 | 12:00 PM

News

COMPANYNEWS
Genesys Int.Corp. Q1 net profit jumps 84.06% at Rs 6.35 cr
  Genesys International Corporation Ltd. | 09 Dec 2019 | 11:46 AM
Published on 08-15-2019
The company reported standalone net profit of Rs 6.35 crore for the quarter ended June 30 2019 as compared to Rs 3.45 crore in the same period last year registering a year-on-year growth of 84.06 per cent.


Net revenue of the company rose substantially by 65.82 per cent at Rs 37.01 crore in April-June quarter of this fiscal as against Rs 22.32 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 54.03 per cent to Rs 26.94 crore from Rs 17.49 crore in year ago period.


Other Income dipped by 61.84 per cent at Rs 0.58 crore versus (Jun`18 Rs 1.52 crore).


Operating Profit surged by 108.49 per cent to Rs 10.07 crore as against Rs 4.83 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.69 per cent in June quarter.


Interest grew by 21.54 per cent y-o-y to Rs 0.79 crore while Taxation decreased by 19.30 per cent at Rs 0.46 crore (Jun`18 Rs 0.57 crore).