Published on 15/11/2017 12:01:00 PM | Source: Dion Global Solutions Ltd

Swasti Vinayaka Art & Heritage Q2 net profit jumps 58.97%

The company reported standalone net profit of Rs 0.62 crore for the quarter ended September 30, 2017 as compared to Rs 0.39 crore in the same period last year, registering a year-on-year growth of 58.97 per cent. Net revenue of the company rose moderately by 7.91 per cent at Rs 2.32 crore in July-September quarter of this fiscal as against Rs 2.15 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.79 per cent to Rs 1.25 crore from Rs 1.26 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Sep'16 Rs 0.00 crore). Operating Profit surged by 20.00 per cent to Rs 1.08 crore as against Rs 0.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.56 per cent in September quarter. Interest declined by 20.00 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 9.09 per cent at Rs 0.24 crore (Sep'16 Rs 0.22 crore).