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Published on 14/02/2020 2:00:29 PM | Source: Dion Global Solutions Ltd

GVK Power & Infrastr Q3 net profit down 24.89% at Rs 12.13 cr

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The company reported standalone net profit of Rs 12.13 crore for the quarter ended December 31, 2019 as compared to Rs 16.15 crore in the same period last year, registering a year-on-year decline of 24.89 per cent.

Net revenue of the company declined by 0.63 per cent at Rs 3.14 crore in October-December quarter of this fiscal as against Rs 3.16 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 15.30 per cent to Rs 3.24 crore from Rs 2.81 crore in year ago period.

Other Income dipped by 30.26 per cent at Rs 13.60 crore versus (Dec'18 Rs 19.50 crore). Operating Profit slipped by 128.57 per cent to Rs -0.10 crore as against Rs 0.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.70 per cent in December quarter. Interest declined by 55.44 per cent y-o-y to Rs 1.31 crore