21 Oct 2020 | 7:45 AM

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Inventure Growth & S Q1 net profit zooms 285.00% at Rs 0.77 cr
  Inventure Growth & Securities Ltd. | 17 Jan 2020 | 10:46 AM
Published on 09-16-2019
The company reported standalone net profit of Rs 0.77 crore for the quarter ended June 30 2019 as compared to Rs 0.20 crore in the same period last year registering a year-on-year growth of 285.00 per cent.


Net revenue of the company declined substantially by 94.72 per cent at Rs 2.75 crore in April-June quarter of this fiscal as against Rs 52.12 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 93.31 per cent to Rs 3.58 crore from Rs 53.52 crore in year ago period.


Other Income grew by 111.32 per cent at Rs 1.12 crore versus (Jun`18 Rs 0.53 crore).


Operating Profit slipped by 170.00 per cent to Rs -0.07 crore as against Rs 0.10 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1442.11 per cent in June quarter.


Interest grew by 85.71 per cent y-o-y to Rs 0.26 crore while Taxation decreased by 161.54 per cent at Rs -0.08 crore (Jun`18 Rs 0.13 crore).