14 Dec 2019 | 5:02 PM

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COMPANYNEWS
Magellanic Cloud posts Q2 net profit of Rs 0.48 cr
  Magellanic Cloud Ltd. | 13 Dec 2019 | 04:01 PM
Published on 10-30-2019
The company reported standalone net profit during the quarter stood at Rs 0.48 crore compared to net loss of Rs 0.06 crore in the previous year quarter.


Net revenue of the company rose substantially by 85.98 per cent at Rs 3.05 crore in July-September quarter of this fiscal as against Rs 1.64 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 12.00 per cent to Rs 1.96 crore from Rs 1.75 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.19 crore versus (Sep`18 Rs 0.19 crore).


Operating Profit surged by 1090.91 per cent to Rs 1.09 crore as against Rs -0.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 629.76 per cent in September quarter.


Interest grew by 400.00 per cent y-o-y to Rs 0.05 crore while Taxation increased by 288.89 per cent at Rs 0.35 crore (Sep`18 Rs 0.09 crore).