23 Oct 2019 | 1:16 PM

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COMPANYNEWS
Pioneer Investco posts Q1 net profit of Rs 0.51 cr
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Published on 09-13-2019
The company reported standalone net profit during the quarter stood at Rs 0.51 crore compared to net loss of Rs 0.57 crore in the previous year quarter.


Net revenue of the company rose substantially by 81.09 per cent at Rs 9.00 crore in April-June quarter of this fiscal as against Rs 4.97 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 5.99 per cent to Rs 5.13 crore from Rs 4.84 crore in year ago period.


Operating Profit surged by 2869.23 per cent to Rs 3.86 crore as against Rs 0.13 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1571.21 per cent in June quarter.


Interest grew by 294.52 per cent y-o-y to Rs 2.88 crore while Taxation increased by 0.00 per cent at Rs 0.25 crore (Jun`18 Rs 0.00 crore).