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Category :
Company News
Headline :
Mefcom Capital M Q2 net profit down 14.75% at Rs 1.04 cr
Date:
10/11/2023 16:33
The company reported standalone net profit of Rs 1.04 crore for the quarter ended September 30, 2023 as compared to Rs 1.22 crore in the same period last year, registering a year-on-year decline of 14.75 per cent.
Net revenue of the company rose two fold by 204.56 per cent at Rs 48.79 crore in July-September quarter of this fiscal as against Rs 16.02 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 223.76 per cent to Rs 47.82 crore from Rs 14.77 crore in year ago period.
Other Income grew by 22.22 per cent at Rs 0.22 crore versus (Sep'22 Rs 0.18 crore).
Operating Profit slipped by 21.60 per cent to Rs 0.98 crore as against Rs 1.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 74.36 per cent in September quarter.
Interest declined by 27.78 per cent y-o-y to Rs 0.13 crore
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