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( 14 Feb 2019)
GSS Infotech Q3 net profit zooms 2112.50% at Rs 1.77 cr

The company reported standalone net profit of Rs 1.77 crore for the quarter ended December 31, 2018 as compared to Rs 0.08 crore in the same period last year, registering a year-on-year growth of 2112.50 per cent.

Net revenue of the company rose substantially by 64.50 per cent at Rs 10.10 crore in October-December quarter of this fiscal as against Rs 6.14 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 37.83 per cent to Rs 8.27 crore from Rs 6.00 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Dec'17 Rs 0.00 crore).

Operating Profit surged by 1120.00 per cent to Rs 1.83 crore as against Rs 0.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 664.14 per cent in December quarter.

Interest grew by 150.00 per cent y-o-y to Rs 0.05 crore, while Taxation decreased by 125.00 per cent at Rs -0.01 crore (Dec'17 Rs 0.04 crore).