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Emkay Global Financi Q3 net profit down 89.32% at Rs 0.68 cr

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Dion Global

30 Jan 2019

The company reported standalone net profit of Rs 0.68 crore for the quarter ended December 31, 2018 as compared to Rs 6.37 crore in the same period last year, registering a year-on-year decline of 89.32 per cent.

Net revenue of the company declined moderately by 17.48 per cent at Rs 30.35 crore in October-December quarter of this fiscal as against Rs 36.78 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 2.06 per cent to Rs 27.74 crore from Rs 27.18 crore in year ago period.

Other Income dipped by 36.36 per cent at Rs 0.07 crore versus (Dec'17 Rs 0.11 crore).

Operating Profit slipped by 72.81 per cent to Rs 2.61 crore as against Rs 9.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 67.05 per cent in December quarter.

Interest grew by 23.81 per cent y-o-y to Rs 0.78 crore, while Taxation decreased by 98.68 per cent at Rs 0.02 crore (Dec'17 Rs 1.51 crore).