21 Oct 2020 | 3:56 PM

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COMPANYNEWS
Kabra Commercial Q3 net profit down 90.91% at Rs 0.01 cr
  Kabra Commercial Ltd. | 10 Jan 2020 | 03:41 PM
Published on 02-14-2019
The company reported standalone net profit of Rs 0.01 crore for the quarter ended December 31 2018 as compared to Rs 0.11 crore in the same period last year registering a year-on-year decline of 90.91 per cent.


Net revenue of the company rose substantially by 43.77 per cent at Rs 4.50 crore in October-December quarter of this fiscal as against Rs 3.13 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 53.33 per cent to Rs 4.37 crore from Rs 2.85 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.06 crore versus (Dec`17 Rs 0.03 crore).


Operating Profit slipped by 53.57 per cent to Rs 0.13 crore as against Rs 0.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 67.60 per cent in December quarter.


Interest grew by 26.67 per cent y-o-y to Rs 0.19 crore while Taxation decreased by 125.00 per cent at Rs -0.01 crore (Dec`17 Rs 0.04 crore).