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News Details

14/05/2024 19:50

Abhinav Capital Serv Q4 net profit down 48.75% at Rs 0.82 cr

The company reported standalone net profit of Rs 0.82 crore for the quarter ended March 31, 2024 as compared to Rs 1.60 crore in the same period last year, registering a year-on-year decline of 48.75 per cent.

Net revenue of the company declined marginally by 1.28 per cent at Rs 2.31 crore in January-March quarter of this fiscal as against Rs 2.34 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 266.67 per cent to Rs 0.33 crore from Rs 0.09 crore in year ago period.

Operating Profit slipped by 12.00 per cent to Rs 1.98 crore as against Rs 2.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.90 per cent in March quarter.

Interest grew by 1212.50 per cent y-o-y to Rs 1.05 crore, while Taxation decreased by 78.95 per cent at Rs 0.12 crore (Mar'23 Rs 0.57 crore).