Published on 14/08/2019 5:21:38 PM | Source: Dion Global Solutions Ltd

IDFC L Q1 net profit zooms 769.02% at Rs 25.81 cr

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The company reported standalone net profit of Rs 25.81 crore for the quarter ended June 30, 2019 as compared to Rs 2.97 crore in the same period last year, registering a year-on-year growth of 769.02 per cent. Net revenue of the company rose triple digit by 191.58 per cent at Rs 42.25 crore in April-June quarter of this fiscal as against Rs 14.49 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 41.27 per cent to Rs 5.72 crore from Rs 9.74 crore in year ago period.

Other Income dipped by 25.13 per cent at Rs 2.89 crore versus (Jun'18 Rs 3.86 crore). Operating Profit surged by 669.05 per cent to Rs 36.53 crore as against Rs 4.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 163.76 per cent in June quarter. Taxation increased by 186.98 per cent at Rs 12.34 crore (Jun'18 Rs 4.30 crore).