06 Dec 2019 | 2:30 PM

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COMPANYNEWS
SVP Global Ventures Q2 net profit down 68.20% at Rs 0.90 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 0.90 crore for the quarter ended September 30 2019 as compared to Rs 2.83 crore in the same period last year registering a year-on-year decline of 68.20 per cent.


Net revenue of the company declined substantially by 57.49 per cent at Rs 11.72 crore in July-September quarter of this fiscal as against Rs 27.57 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 35.53 per cent to Rs 14.46 crore from Rs 22.43 crore in year ago period.


Other Income dipped by 13.92 per cent at Rs 0.68 crore versus (Sep`18 Rs 0.79 crore).


Operating Profit slipped by 31.25 per cent to Rs 4.29 crore as against Rs 6.24 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 61.56 per cent in September quarter.


Interest grew by 12.63 per cent y-o-y to Rs 2.23 crore