08 Dec 2019 | 4:42 PM

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Manaksia Q2 net profit zooms 1302.72% at Rs 20.62 cr
  Manaksia Ltd. | 06 Dec 2019 | 03:47 PM
Published on 11-12-2019
The company reported standalone net profit of Rs 20.62 crore for the quarter ended September 30 2019 as compared to Rs 1.47 crore in the same period last year registering a year-on-year growth of 1302.72 per cent.


Net revenue of the company rose triple digit by 106.62 per cent at Rs 6.55 crore in July-September quarter of this fiscal as against Rs 3.17 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 77.29 per cent to Rs 8.90 crore from Rs 5.02 crore in year ago period.


Other Income grew by 614.65 per cent at Rs 27.80 crore versus (Sep`18 Rs 3.89 crore).


Operating Profit surged by 27.57 per cent to Rs -2.36 crore as against Rs -1.85 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 38.31 per cent in September quarter.


Taxation increased by 867.35 per cent at Rs 4.74 crore (Sep`18 Rs 0.49 crore).