06 Dec 2019 | 6:53 AM

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COMPANYNEWS
Starteck Finance Q2 net profit zooms 650.00% at Rs 0.15 cr
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Published on 11-20-2019
The company reported standalone net profit of Rs 0.15 crore for the quarter ended September 30 2019 as compared to Rs 0.02 crore in the same period last year registering a year-on-year growth of 650.00 per cent.


Net revenue of the company rose substantially by 50.29 per cent at Rs 5.17 crore in July-September quarter of this fiscal as against Rs 3.44 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 131.97 per cent to Rs 2.83 crore from Rs 1.22 crore in year ago period.


Operating Profit surged by 5.41 per cent to Rs 2.34 crore as against Rs 2.22 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 29.82 per cent in September quarter.


Interest grew by 0.46 per cent y-o-y to Rs 2.19 crore