Markets

News Details

( 05 Feb 2019)
CNI Research Q3 net profit down 98.61% at Rs 0.01 cr

The company reported standalone net profit of Rs 0.01 crore for the quarter ended December 31, 2018 as compared to Rs 0.72 crore in the same period last year, registering a year-on-year decline of 98.61 per cent.

Net revenue of the company rose by 0.74 per cent at Rs 1.37 crore in October-December quarter of this fiscal as against Rs 1.36 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 107.69 per cent to Rs 1.35 crore from Rs 0.65 crore in year ago period.

Operating Profit slipped by 98.59 per cent to Rs 0.01 crore as against Rs 0.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 98.11 per cent in December quarter.