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( 15 Feb 2019)
Orient Press Ltd Q3 net profit down 39.66% at Rs 0.35 cr

The company reported standalone net profit of Rs 0.35 crore for the quarter ended December 31, 2018 as compared to Rs 0.58 crore in the same period last year, registering a year-on-year decline of 39.66 per cent.

Net revenue of the company declined marginally by 1.55 per cent at Rs 56.45 crore in October-December quarter of this fiscal as against Rs 57.34 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 2.94 per cent to Rs 52.51 crore from Rs 54.10 crore in year ago period.

Other Income dipped by 17.86 per cent at Rs 0.23 crore versus (Dec'17 Rs 0.28 crore).

Operating Profit surged by 21.60 per cent to Rs 3.94 crore as against Rs 3.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.54 per cent in December quarter.

Interest grew by 127.16 per cent y-o-y to Rs 1.84 crore, while Taxation decreased by 107.14 per cent at Rs -0.03 crore (Dec'17 Rs 0.42 crore).