Swasti Vinayaka Art Q2 net profit down 17.39% at Rs 0.38 cr
08/11/2019 20:00

The company reported standalone net profit of Rs 0.38 crore for the quarter ended September 30, 2019 as compared to Rs 0.46 crore in the same period last year, registering a year-on-year decline of 17.39 per cent.

Net revenue of the company rose moderately by 11.30 per cent at Rs 2.56 crore in July-September quarter of this fiscal as against Rs 2.30 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 23.97 per cent to Rs 1.81 crore from Rs 1.46 crore in year ago period.

Other Income grew by 33.33 per cent at Rs 0.04 crore versus (Sep'18 Rs 0.03 crore).

Operating Profit slipped by 10.71 per cent to Rs 0.75 crore as against Rs 0.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.73 per cent in September quarter.

Interest grew by 23.53 per cent y-o-y to Rs 0.21 crore, while Taxation decreased by 11.76 per cent at Rs 0.15 crore (Sep'18 Rs 0.17 crore).