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News Details

Morarka Finance Q2 net profit zooms 1141.38% at Rs 3.60 cr

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17/10/2021 21:50
The company reported standalone net profit of Rs 3.60 crore for the quarter ended September 30, 2021 as compared to Rs 0.29 crore in the same period last year, registering a year-on-year growth of 1141.38 per cent.

Net revenue of the company rose three fold by 592.31 per cent at Rs 3.60 crore in July-September quarter of this fiscal as against Rs 0.52 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 11.11 per cent to Rs 0.10 crore from Rs 0.09 crore in year ago period.





Operating Profit surged by 713.95 per cent to Rs 3.50 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.55 per cent in September quarter.

Taxation decreased by 171.43 per cent at Rs -0.10 crore (Sep'20 Rs 0.14 crore).