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( 09 Feb 2019)
Mahi. & Mahi Q3 net profit down 11.44% at Rs 1076.81 cr

The company reported standalone net profit of Rs 1,076.81 crore for the quarter ended December 31, 2018 as compared to Rs 1215.91 crore in the same period last year, registering a year-on-year decline of 11.44 per cent.

Net revenue of the company rose moderately by 12.89 per cent at Rs 13,070.36 crore in October-December quarter of this fiscal as against Rs 11,577.78 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 14.59 per cent to Rs 11,553.14 crore from Rs 10,082.45 crore in year ago period.

Other Income grew by 252.97 per cent at Rs 340.93 crore versus (Dec'17 Rs 96.59 crore).

Operating Profit surged by 1.46 per cent to Rs 1,517.22 crore as against Rs 1,495.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.14 per cent in December quarter.

Interest grew by 1.10 per cent y-o-y to Rs 24.91 crore, while Taxation decreased by 44.84 per cent at Rs 202.91 crore (Dec'17 Rs 367.84 crore).