Published on 11/02/2019 2:25:59 PM | Source: Reuters

Sumedha Fiscal S Q3 net profit down 34.78% at Rs 1.05 cr

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The company reported standalone net profit of Rs 1.05 crore for the quarter ended December 31, 2018 as compared to Rs 1.61 crore in the same period last year, registering a year-on-year decline of 34.78 per cent. Net revenue of the company declined moderately by 14.21 per cent at Rs 4.65 crore in October-December quarter of this fiscal as against Rs 5.42 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 9.26 per cent to Rs 3.33 crore from Rs 3.67 crore in year ago period. Other Income grew by 33.33 per cent at Rs 0.20 crore versus (Dec'17 Rs 0.15 crore). Operating Profit slipped by 25.14 per cent to Rs 1.31 crore as against Rs 1.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.34 per cent in December quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 100.00 per cent at Rs 0.32 crore (Dec'17 Rs 0.16 crore).