17 Jan 2021 | 2:47 AM

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Softsol India Q1 net profit up 12.73% at Rs 1.24 cr
  Softsol India Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-16-2019
The company reported standalone net profit of Rs 1.24 crore for the quarter ended June 30 2019 as compared to Rs 1.10 crore in the same period last year registering a year-on-year growth of 12.73 per cent.


Net revenue of the company rose three fold by 524.39 per cent at Rs 5.12 crore in April-June quarter of this fiscal as against Rs 0.82 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 91.18 per cent to Rs 3.25 crore from Rs 1.70 crore in year ago period.


Other Income dipped by 85.15 per cent at Rs 0.45 crore versus (Jun`18 Rs 3.03 crore).


Operating Profit surged by 312.50 per cent to Rs 1.87 crore as against Rs -0.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 134.10 per cent in June quarter.


Interest grew by 100.00 per cent y-o-y to Rs 0.06 crore while Taxation increased by 8.51 per cent at Rs 0.51 crore (Jun`18 Rs 0.47 crore).