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( 09 Feb 2019)
Frontier Springs Q3 net profit zooms 153.25% at Rs 1.95 cr

The company reported standalone net profit of Rs 1.95 crore for the quarter ended December 31, 2018 as compared to Rs 0.77 crore in the same period last year, registering a year-on-year growth of 153.25 per cent.

Net revenue of the company rose substantially by 48.34 per cent at Rs 21.05 crore in October-December quarter of this fiscal as against Rs 14.19 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 45.97 per cent to Rs 18.10 crore from Rs 12.40 crore in year ago period.

Other Income grew by 27.27 per cent at Rs 0.14 crore versus (Dec'17 Rs 0.11 crore).

Operating Profit surged by 65.73 per cent to Rs 2.95 crore as against Rs 1.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.62 per cent in December quarter.

Interest declined by 51.22 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 59.26 per cent at Rs 0.43 crore (Dec'17 Rs 0.27 crore).