25 Sep 2020 | 9:02 AM


Infibeam Avenues posts Q2 net profit of Rs 9.98 cr
  Infibeam Avenues Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-25-2019
The company reported standalone net profit during the quarter stood at Rs 9.98 crore compared to net loss of Rs 4.53 crore in the previous year quarter.

Net revenue of the company rose moderately by 12.74 per cent at Rs 151.50 crore in July-September quarter of this fiscal as against Rs 134.38 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 5.31 per cent to Rs 118.43 crore from Rs 125.07 crore in year ago period.

Other Income dipped by 40.41 per cent at Rs 2.02 crore versus (Sep`18 Rs 3.39 crore).

Operating Profit surged by 239.18 per cent to Rs 33.07 crore as against Rs 9.75 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 200.69 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 1.11 crore while Taxation increased by 78.38 per cent at Rs 7.51 crore (Sep`18 Rs 4.21 crore).