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Category :
Company News
Headline :
Mefcom Capital M posts Q3 net profit of Rs 3.06 cr
Date:
13/02/2024 19:32
The company reported standalone net profit during the quarter stood at Rs 3.06 crore compared to net loss of Rs 0.41 crore in the previous year quarter.
Net revenue of the company rose triple digit by 173.01 per cent at Rs 61.29 crore in October-December quarter of this fiscal as against Rs 22.45 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 155.76 per cent to Rs 58.16 crore from Rs 22.74 crore in year ago period.
Other Income dipped by 28.57 per cent at Rs 0.10 crore versus (Dec'22 Rs 0.14 crore).
Operating Profit surged by 1143.33 per cent to Rs 3.13 crore as against Rs -0.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 490.08 per cent in December quarter.
Interest declined by 27.27 per cent y-o-y to Rs 0.16 crore
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