28 Jan 2020 | 4:23 PM

News

COMPANYNEWS
SMIFS Capital Ma posts Q2 net profit of Rs 0.12 cr
  |
Published on 12-11-2019
The company reported standalone net profit during the quarter stood at Rs 0.12 crore compared to net loss of Rs 0.03 crore in the previous year quarter.


Net revenue of the company declined substantially by 23.71 per cent at Rs 10.23 crore in July-September quarter of this fiscal as against Rs 13.41 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 23.14 per cent to Rs 10.83 crore from Rs 14.09 crore in year ago period.


Other Income grew by 7.59 per cent at Rs 0.85 crore versus (Sep`18 Rs 0.79 crore).


Operating Profit slipped by 10.45 per cent to Rs -0.60 crore as against Rs -0.67 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 16.33 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 0.00 per cent at Rs -0.02 crore (Sep`18 Rs -0.02 crore).