Arihant Capital Q3 net profit zooms 142.49% at Rs 9.53 cr
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The company reported standalone net profit of Rs 9.53 crore for the quarter ended December 31, 2020 as compared to Rs 3.93 crore in the same period last year, registering a year-on-year growth of 142.49 per cent. Net revenue of the company rose substantially by 68.60 per cent at Rs 27.92 crore in October-December quarter of this fiscal as against Rs 16.56 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 21.47 per cent to Rs 13.92 crore from Rs 11.46 crore in year ago period.
Other Income dipped by 98.79 per cent at Rs 0.03 crore versus (Dec'19 Rs 2.48 crore). Operating Profit surged by 175.10 per cent to Rs 14.03 crore as against Rs 5.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 63.32 per cent in December quarter. Interest declined by 48.70 per cent y-o-y to Rs 0.79 crore, while Taxation increased by 94.94 per cent at Rs 3.47 crore (Dec'19 Rs 1.78 crore).
