16 Jan 2021 | 11:15 PM


Swastika Investmart Q1 net profit down 78.13% at Rs 0.21 cr
  Swastika Investmart Ltd. | 17 Jan 2020 | 10:37 AM
Published on 07-26-2019
The company reported standalone net profit of Rs 0.21 crore for the quarter ended June 30 2019 as compared to Rs 0.96 crore in the same period last year registering a year-on-year decline of 78.13 per cent.

Net revenue of the company declined moderately by 11.01 per cent at Rs 6.95 crore in April-June quarter of this fiscal as against Rs 7.81 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 12.36 per cent to Rs 6.82 crore from Rs 6.07 crore in year ago period.

Other Income grew by 153.49 per cent at Rs 1.09 crore versus (Jun`18 Rs 0.43 crore).

Operating Profit slipped by 92.57 per cent to Rs 0.13 crore as against Rs 1.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 91.86 per cent in June quarter.

Interest grew by 16.13 per cent y-o-y to Rs 0.72 crore while Taxation decreased by 89.19 per cent at Rs 0.04 crore (Jun`18 Rs 0.37 crore).