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( 15 Feb 2019)
Panchsheel Organ Q3 net profit jumps 43.43% at Rs 1.42 cr

The company reported standalone net profit of Rs 1.42 crore for the quarter ended December 31, 2018 as compared to Rs 0.99 crore in the same period last year, registering a year-on-year growth of 43.43 per cent.

Net revenue of the company rose substantially by 53.66 per cent at Rs 14.26 crore in October-December quarter of this fiscal as against Rs 9.28 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 61.84 per cent to Rs 11.96 crore from Rs 7.39 crore in year ago period.

Other Income grew by 400.00 per cent at Rs 0.05 crore versus (Dec'17 Rs 0.01 crore).

Operating Profit surged by 22.87 per cent to Rs 2.31 crore as against Rs 1.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.34 per cent in December quarter.

Interest declined by 35.71 per cent y-o-y to Rs 0.09 crore, while Taxation increased by 22.22 per cent at Rs 0.55 crore (Dec'17 Rs 0.45 crore).