News Details

( As on 26/02/2020 18:00)

IKF Technologies posts Q3 net profit of Rs 0.19 cr

The company reported standalone net profit during the quarter stood at Rs 0.19 crore compared to net loss of Rs 0.14 crore in the previous year quarter.

Net revenue of the company rose moderately by 7.63 per cent at Rs 2.82 crore in October-December quarter of this fiscal as against Rs 2.62 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 19.91 per cent to Rs 2.53 crore from Rs 2.11 crore in year ago period.

Other Income grew by 25.00 per cent at Rs 0.05 crore versus (Dec'18 Rs 0.04 crore).

Operating Profit slipped by 43.14 per cent to Rs 0.29 crore as against Rs 0.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.66 per cent in December quarter.

Interest declined by 16.67 per cent y-o-y to Rs 0.15 crore