06 Dec 2019 | 2:23 PM

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COMPANYNEWS
GSS Infotech Q2 net profit down 86.69% at Rs 0.39 cr
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Published on 11-18-2019
The company reported standalone net profit of Rs 0.39 crore for the quarter ended September 30 2019 as compared to Rs 2.93 crore in the same period last year registering a year-on-year decline of 86.69 per cent.


Net revenue of the company rose moderately by 11.68 per cent at Rs 6.31 crore in July-September quarter of this fiscal as against Rs 5.65 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 61.65 per cent to Rs 5.69 crore from Rs 3.52 crore in year ago period.


Other Income dipped by 96.77 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.93 crore).


Operating Profit slipped by 70.89 per cent to Rs 0.62 crore as against Rs 2.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 74.15 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 72.73 per cent at Rs 0.19 crore (Sep`18 Rs 0.11 crore).