12 Dec 2019 | 9:38 AM


Magellanic Cloud Q1 net profit down 39.13% at Rs 0.14 cr
  Magellanic Cloud Ltd. | 11 Dec 2019 | 04:01 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.14 crore for the quarter ended June 30 2019 as compared to Rs 0.23 crore in the same period last year registering a year-on-year decline of 39.13 per cent.

Net revenue of the company rose marginally by 2.79 per cent at Rs 1.84 crore in April-June quarter of this fiscal as against Rs 1.79 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 7.19 per cent to Rs 1.79 crore from Rs 1.67 crore in year ago period.

Other Income dipped by 5.00 per cent at Rs 0.19 crore versus (Jun`18 Rs 0.20 crore).

Operating Profit slipped by 61.54 per cent to Rs 0.05 crore as against Rs 0.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 63.90 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 0.00 per cent at Rs 0.06 crore (Jun`18 Rs 0.06 crore).