23 Oct 2019 | 2:32 PM

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COMPANYNEWS
Paragon Finance Q1 net profit zooms 283.33% at Rs 0.46 cr
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Published on 09-13-2019
The company reported standalone net profit of Rs 0.46 crore for the quarter ended June 30 2019 as compared to Rs 0.12 crore in the same period last year registering a year-on-year growth of 283.33 per cent.


Net revenue of the company rose moderately by 13.27 per cent at Rs 1.11 crore in April-June quarter of this fiscal as against Rs 0.98 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 17.31 per cent to Rs 0.43 crore from Rs 0.52 crore in year ago period.


Other Income grew by 118.18 per cent at Rs 0.02 crore versus (Jun`18 Rs -0.11 crore).


Operating Profit surged by 47.83 per cent to Rs 0.68 crore as against Rs 0.46 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 30.55 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.03 crore while Taxation increased by 11.11 per cent at Rs 0.20 crore (Jun`18 Rs 0.18 crore).