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Published on 5/02/2018 3:55:19 PM | Source: Dion Global Solutions Ltd

Hind. Everest posts Q3 net profit of Rs 27.62 cr

The company reported standalone net profit during the quarter stood at Rs 27.62 crore compared to net loss of Rs 2.16 crore in the previous year quarter. Net revenue of the company rose three fold by 3096.67 per cent at Rs 28.77 crore in October-December quarter of this fiscal as against Rs 0.90 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 53.44 per cent to Rs 1.22 crore from Rs 2.62 crore in year ago period.

Other Income grew by 850.00 per cent at Rs 0.15 crore versus (Dec'16 Rs -0.02 crore). Operating Profit surged by 1986.30 per cent to Rs 27.54 crore as against Rs -1.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 159.30 per cent in December quarter. Interest declined by 92.68 per cent y-o-y to Rs 0.03 crore