26 Sep 2020 | 8:50 AM

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COMPANYNEWS
India Power Corp Q3 net profit zooms 221.05% at Rs 1.83 cr
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Published on 02-05-2019
The company reported standalone net profit of Rs 1.83 crore for the quarter ended December 31 2018 as compared to Rs 0.57 crore in the same period last year registering a year-on-year growth of 221.05 per cent.


Net revenue of the company rose substantially by 20.27 per cent at Rs 124.48 crore in October-December quarter of this fiscal as against Rs 103.50 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 14.16 per cent to Rs 107.32 crore from Rs 94.01 crore in year ago period.


Other Income grew by 25.28 per cent at Rs 10.21 crore versus (Dec`17 Rs 8.15 crore).


Operating Profit surged by 80.82 per cent to Rs 17.16 crore as against Rs 9.49 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 50.27 per cent in December quarter.


Interest grew by 3.21 per cent y-o-y to Rs 20.91 crore while Taxation increased by 213.89 per cent at Rs 1.13 crore (Dec`17 Rs 0.36 crore).