Published on 25/01/2018 4:33:23 PM | Source: Dion Global Solutions Ltd

Action Construction Q3 net profit zooms 239.75% at Rs 16.41 cr

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The company reported standalone net profit of Rs 16.41 crore for the quarter ended December 31, 2017 as compared to Rs 4.83 crore in the same period last year, registering a year-on-year growth of 239.75 per cent.

Net revenue of the company rose substantially by 52.96 per cent at Rs 279.07 crore in October-December quarter of this fiscal as against Rs 182.45 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 42.74 per cent to Rs 251.99 crore from Rs 176.54 crore in year ago period.

Other Income grew by 48.65 per cent at Rs 1.65 crore versus (Dec'16 Rs 1.11 crore). Operating Profit surged by 140.93 per cent to Rs 27.08 crore as against Rs 11.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 57.47 per cent in December quarter. Interest grew by 5.79 per cent y-o-y to Rs 3.29 crore, while Taxation increased by 395.04 per cent at Rs 5.99 crore (Dec'16 Rs 1.21 crore).