25 Sep 2020 | 10:21 AM

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COMPANYNEWS
India Home Loan Q2 net profit down 38.16% at Rs 0.47 cr
  India Home Loan Ltd. | 17 Jan 2020 | 10:41 AM
Published on 12-16-2019
The company reported standalone net profit of Rs 0.47 crore for the quarter ended September 30 2019 as compared to Rs 0.76 crore in the same period last year registering a year-on-year decline of 38.16 per cent.


Net revenue of the company declined moderately by 8.21 per cent at Rs 7.83 crore in July-September quarter of this fiscal as against Rs 8.53 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.50 per cent to Rs 1.89 crore from Rs 2.16 crore in year ago period.


Other Income dipped by 25.00 per cent at Rs 0.21 crore versus (Sep`18 Rs 0.28 crore).


Operating Profit slipped by 6.90 per cent to Rs 5.94 crore as against Rs 6.38 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.58 per cent in September quarter.


Interest grew by 0.36 per cent y-o-y to Rs 5.52 crore while Taxation decreased by 72.41 per cent at Rs 0.08 crore (Sep`18 Rs 0.29 crore).