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Kiran Vyapar Q3 net profit down 85.25% at Rs 1.18 cr 11/02/2019 16:30

The company reported standalone net profit of Rs 1.18 crore for the quarter ended December 31, 2018 as compared to Rs 8.00 crore in the same period last year, registering a year-on-year decline of 85.25 per cent.

Net revenue of the company declined substantially by 54.17 per cent at Rs 6.05 crore in October-December quarter of this fiscal as against Rs 13.20 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 1.33 per cent to Rs 3.05 crore from Rs 3.01 crore in year ago period.

Other Income grew by 900.00 per cent at Rs 0.16 crore versus (Dec'17 Rs -0.02 crore).

Operating Profit slipped by 70.46 per cent to Rs 3.01 crore as against Rs 10.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 35.66 per cent in December quarter.

Interest declined by 47.06 per cent y-o-y to Rs 0.27 crore, while Taxation increased by 5.26 per cent at Rs 1.60 crore (Dec'17 Rs 1.52 crore).

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