Published on 24/07/2019 10:16:02 AM | Source: Dion Global Solutions Ltd

Nucleus Software Q1 net profit down 17.88% at Rs 22.83 cr

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The company reported standalone net profit of Rs 22.83 crore for the quarter ended June 30, 2019 as compared to Rs 27.80 crore in the same period last year, registering a year-on-year decline of 17.88 per cent. Net revenue of the company rose moderately by 11.08 per cent at Rs 102.25 crore in April-June quarter of this fiscal as against Rs 92.05 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 16.85 per cent to Rs 89.23 crore from Rs 76.36 crore in year ago period.

Other Income dipped by 13.98 per cent at Rs 17.66 crore versus (Jun'18 Rs 20.53 crore). Operating Profit slipped by 17.02 per cent to Rs 13.02 crore as against Rs 15.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.34 per cent in June quarter. Interest grew by 112.50 per cent y-o-y to Rs 0.17 crore, while Taxation decreased by 19.37 per cent at Rs 5.41 crore (Jun'18 Rs 6.71 crore).