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Category :
Company News
Headline :
Octavius Plantations Q1 net profit up 28.57% at Rs 0.27 cr
Date:
14/08/2024 16:50
The company reported standalone net profit of Rs 0.27 crore for the quarter ended June 30, 2024 as compared to Rs 0.21 crore in the same period last year, registering a year-on-year growth of 28.57 per cent.
Net revenue of the company rose substantially by 25.19 per cent at Rs 4.97 crore in April-June quarter of this fiscal as against Rs 3.97 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 27.05 per cent to Rs 4.65 crore from Rs 3.66 crore in year ago period.
Operating Profit surged by 10.00 per cent to Rs 0.33 crore as against Rs 0.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.29 per cent in June quarter.
Interest grew by 25.00 per cent y-o-y to Rs 0.05 crore
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