17 Jan 2021 | 2:44 AM


Softsol India Q2 net profit up 22.03% at Rs 2.16 cr
  Softsol India Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 2.16 crore for the quarter ended September 30 2019 as compared to Rs 1.77 crore in the same period last year registering a year-on-year growth of 22.03 per cent.

Net revenue of the company rose triple digit by 187.11 per cent at Rs 5.57 crore in July-September quarter of this fiscal as against Rs 1.94 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 18.97 per cent to Rs 3.45 crore from Rs 2.90 crore in year ago period.

Other Income dipped by 67.27 per cent at Rs 1.27 crore versus (Sep`18 Rs 3.88 crore).

Operating Profit surged by 320.83 per cent to Rs 2.12 crore as against Rs -0.96 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 177.16 per cent in September quarter.

Interest grew by 50.00 per cent y-o-y to Rs 0.06 crore while Taxation increased by 20.00 per cent at Rs 0.66 crore (Sep`18 Rs 0.55 crore).