08 Aug 2020 | 2:37 AM

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COMPANYNEWS
Multibase India Q1 net profit down 37.11% at Rs 2.61 cr
  Multibase India Ltd. | 17 Jan 2020 | 10:42 AM
Published on 08-06-2019
The company reported standalone net profit of Rs 2.61 crore for the quarter ended June 30 2019 as compared to Rs 4.15 crore in the same period last year registering a year-on-year decline of 37.11 per cent.


Net revenue of the company declined substantially by 45.45 per cent at Rs 16.32 crore in April-June quarter of this fiscal as against Rs 29.92 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 40.47 per cent to Rs 14.77 crore from Rs 24.81 crore in year ago period.


Other Income grew by 174.42 per cent at Rs 2.36 crore versus (Jun`18 Rs 0.86 crore).


Operating Profit slipped by 69.67 per cent to Rs 1.55 crore as against Rs 5.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 44.50 per cent in June quarter.


Taxation decreased by 33.13 per cent at Rs 1.07 crore (Jun`18 Rs 1.60 crore).