Panache Innovations Q2 net profit jumps 83.33% at Rs 0.11 cr
08/11/2019 18:50

The company reported standalone net profit of Rs 0.11 crore for the quarter ended September 30, 2019 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 83.33 per cent.

Net revenue of the company rose substantially by 21.71 per cent at Rs 4.26 crore in July-September quarter of this fiscal as against Rs 3.50 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 20.63 per cent to Rs 4.21 crore from Rs 3.49 crore in year ago period.

Other Income grew by 16.67 per cent at Rs 0.07 crore versus (Sep'18 Rs 0.06 crore).

Operating Profit surged by 400.00 per cent to Rs 0.05 crore as against Rs 0.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 266.67 per cent in September quarter.

Taxation increased by 100.00 per cent at Rs 0.02 crore (Sep'18 Rs 0.01 crore).