03-01-2021 11:42 AM | Source: Dion Global Solutions Ltd
SMC Global Securities Limited Q3 net profit zooms 493.69% at Rs 13.18 cr
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| The company reported standalone net profit of Rs 13.18 crore for the quarter ended December 31, 2020 as compared to Rs 2.22 crore in the same period last year, registering a year-on-year growth of 493.69 per cent. Net revenue of the company rose moderately by 15.93 per cent at Rs 116.74 crore in October-December quarter of this fiscal as against Rs 100.70 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 1.48 per cent to Rs 88.48 crore from Rs 87.19 crore in year ago period. Other Income dipped by 37.57 per cent at Rs 2.36 crore versus (Dec'19 Rs 3.78 crore). Operating Profit surged by 109.02 per cent to Rs 28.26 crore as against Rs 13.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 80.40 per cent in December quarter. Interest declined by 31.62 per cent y-o-y to Rs 7.05 crore, while Taxation increased by 573.04 per cent at Rs 7.74 crore (Dec'19 Rs 1.15 crore). |
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