21 Sep 2020 | 2:42 AM

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COMPANYNEWS
InfoBeans Tech Q2 net profit up 22.39% at Rs 7.27 cr
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Published on 11-18-2019
The company reported standalone net profit of Rs 7.27 crore for the quarter ended September 30 2019 as compared to Rs 5.94 crore in the same period last year registering a year-on-year growth of 22.39 per cent.


Net revenue of the company rose moderately by 11.47 per cent at Rs 28.57 crore in July-September quarter of this fiscal as against Rs 25.63 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 6.20 per cent to Rs 20.57 crore from Rs 19.37 crore in year ago period.


Other Income grew by 22.44 per cent at Rs 1.91 crore versus (Sep`18 Rs 1.56 crore).


Operating Profit surged by 27.80 per cent to Rs 8.00 crore as against Rs 6.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.67 per cent in September quarter.


Interest grew by 1800.00 per cent y-o-y to Rs 0.19 crore while Taxation decreased by 4.35 per cent at Rs 1.10 crore (Sep`18 Rs 1.15 crore).