Published on 5/08/2020 5:35:50 PM | Source: Dion Global Solutions Ltd

Intellect Design Arena Ltd posts Q1 net profit of Rs 38.94 cr

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The company reported standalone net profit during the quarter stood at Rs 38.94 crore compared to net loss of Rs 0.51 crore in the previous year quarter. Net revenue of the company rose substantially by 21.39 per cent at Rs 212.81 crore in April-June quarter of this fiscal as against Rs 175.31 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 6.60 per cent to Rs 162.92 crore from Rs 174.43 crore in year ago period. Other Income dipped by 7.67 per cent at Rs 8.19 crore versus (Jun'19 Rs 8.87 crore).

Operating Profit surged by 5633.33 per cent to Rs 49.88 crore as against Rs 0.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4588.00 per cent in June quarter. Interest grew by 281.48 per cent y-o-y to Rs 12.36 crore, while Taxation increased by 0.00 per cent at Rs 3.30 crore (Jun'19 Rs 0.00 crore).