21 Jan 2020 | 2:40 PM

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COMPANYNEWS
Mukesh Babu Fina Q2 net profit up 27.45% at Rs 1.30 cr
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Published on 12-09-2019
The company reported standalone net profit of Rs 1.30 crore for the quarter ended September 30 2019 as compared to Rs 1.02 crore in the same period last year registering a year-on-year growth of 27.45 per cent.


Net revenue of the company rose substantially by 53.67 per cent at Rs 3.35 crore in July-September quarter of this fiscal as against Rs 2.18 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 28.00 per cent to Rs 0.18 crore from Rs 0.25 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.02 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit surged by 65.80 per cent to Rs 3.20 crore as against Rs 1.93 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.04 per cent in September quarter.


Interest grew by 96.67 per cent y-o-y to Rs 1.77 crore while Taxation increased by 0.00 per cent at Rs 0.14 crore (Sep`18 Rs 0.00 crore).