05 Aug 2020 | 1:13 AM


Multibase India Q2 net profit down 55.68% at Rs 1.91 cr
  Multibase India Ltd. | 17 Jan 2020 | 10:42 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 1.91 crore for the quarter ended September 30 2019 as compared to Rs 4.31 crore in the same period last year registering a year-on-year decline of 55.68 per cent.

Net revenue of the company declined substantially by 48.04 per cent at Rs 15.52 crore in July-September quarter of this fiscal as against Rs 29.87 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 45.63 per cent to Rs 13.18 crore from Rs 24.24 crore in year ago period.

Other Income dipped by 81.08 per cent at Rs 0.14 crore versus (Sep`18 Rs 0.74 crore).

Operating Profit slipped by 58.44 per cent to Rs 2.34 crore as against Rs 5.63 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.85 per cent in September quarter.

Taxation decreased by 81.97 per cent at Rs 0.33 crore (Sep`18 Rs 1.83 crore).