08 Dec 2019 | 4:46 PM

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COMPANYNEWS
Shanti Educational I Q1 net profit down 22.33% at Rs 2.40 cr
  Shanti Educational Initiatives Ltd. | 08 Nov 2019 | 04:01 PM
Published on 08-13-2019
The company reported standalone net profit of Rs 2.40 crore for the quarter ended June 30 2019 as compared to Rs 3.09 crore in the same period last year registering a year-on-year decline of 22.33 per cent.


Net revenue of the company rose moderately by 14.13 per cent at Rs 8.16 crore in April-June quarter of this fiscal as against Rs 7.15 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 12.59 per cent to Rs 4.47 crore from Rs 3.97 crore in year ago period.


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


Operating Profit surged by 15.72 per cent to Rs 3.68 crore as against Rs 3.18 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.51 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.09 crore while Taxation increased by 0.00 per cent at Rs 1.15 crore (Jun`18 Rs 0.00 crore).