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Published on 11/09/2019 10:19:56 AM | Source: Dion Global Solutions Ltd

Elcid Investment Q1 net profit up 39.70% at Rs 23.93 cr

Posted in Stock Market| #Stock Market #NBFC #Quarterly Result

The company reported standalone net profit of Rs 23.93 crore for the quarter ended June 30, 2019 as compared to Rs 17.13 crore in the same period last year, registering a year-on-year growth of 39.70 per cent. Net revenue of the company rose three fold by 247900.00 per cent at Rs 24.80 crore in April-June quarter of this fiscal as against Rs 0.01 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 69.23 per cent to Rs 0.22 crore from Rs 0.13 crore in year ago period.

Operating Profit surged by 20583.33 per cent to Rs 24.58 crore as against Rs -0.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.20 per cent in June quarter. Taxation increased by 2950.00 per cent at Rs 0.61 crore (Jun'18 Rs 0.02 crore).