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Category :
Company News
Headline :
Garnet Construct Q3 net profit jumps 47.46% at Rs 0.87 cr
Date:
14/02/2024 17:33
The company reported standalone net profit of Rs 0.87 crore for the quarter ended December 31, 2023 as compared to Rs 0.59 crore in the same period last year, registering a year-on-year growth of 47.46 per cent.
Net revenue of the company rose substantially by 50.81 per cent at Rs 2.79 crore in October-December quarter of this fiscal as against Rs 1.85 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 2.82 per cent to Rs 1.38 crore from Rs 1.42 crore in year ago period.
Other Income dipped by 86.67 per cent at Rs 0.04 crore versus (Dec'22 Rs 0.30 crore).
Operating Profit surged by 225.58 per cent to Rs 1.40 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 118.54 per cent in December quarter.
Interest grew by 320.00 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 0.00 per cent at Rs 0.29 crore (Dec'22 Rs 0.00 crore).
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