India Finsec Q2 net profit down 29.63% at Rs 0.76 cr
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The company reported a standalone net profit of Rs 0.76 crore for the quarter ended September 30, 2017, as compared to Rs 1.08 crore in the same period last year, registering a year-on-year decline of 29.63 percent. Net revenue of the company declined substantially by 23.44 per cent at Rs 1.47 crore in July-September quarter of this fiscal as against Rs 1.92 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 56.25 percent to Rs 0.75 crore from Rs 0.48 crore in year-ago period. Other Income grew by 0.00 percent at Rs 0.35 crore versus (Sep’16 Rs 0.00 crore). Operating Profit slipped by 54.14 percent to Rs 0.72 crore as against Rs 1.57 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.41 percent in September quarter. Taxation decreased by 37.50 percent at Rs 0.30 crore (Sep’16 Rs 0.48 crore).
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