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Category :
Company
Headline :
Quasar India Q3 net profit down 53.66% at Rs 0.19 cr
Date:
27/03/2024 21:40
The company reported standalone net profit of Rs 0.19 crore for the quarter ended December 31, 2023 as compared to Rs 0.41 crore in the same period last year, registering a year-on-year decline of 53.66 per cent.
Net revenue of the company rose three fold by 537.96 per cent at Rs 8.74 crore in October-December quarter of this fiscal as against Rs 1.37 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 644.74 per cent to Rs 8.49 crore from Rs 1.14 crore in year ago period.
Operating Profit surged by 8.70 per cent to Rs 0.25 crore as against Rs 0.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 82.57 per cent in December quarter.
Taxation decreased by 50.00 per cent at Rs 0.07 crore (Dec'22 Rs 0.14 crore).
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