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News Details

Archit Organosys Q2 net profit up 34.29% at Rs 1.41 cr

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02/11/2021 14:30
The company reported standalone net profit of Rs 1.41 crore for the quarter ended September 30, 2021 as compared to Rs 1.05 crore in the same period last year, registering a year-on-year growth of 34.29 per cent.

Net revenue of the company rose substantially by 62.79 per cent at Rs 42.96 crore in July-September quarter of this fiscal as against Rs 26.39 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 63.24 per cent to Rs 38.46 crore from Rs 23.56 crore in year ago period.

Other Income grew by 300.00 per cent at Rs 0.16 crore versus (Sep'20 Rs 0.04 crore).

Operating Profit surged by 58.10 per cent to Rs 4.49 crore as against Rs 2.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.70 per cent in September quarter.

Interest declined by 38.20 per cent y-o-y to Rs 0.55 crore, while Taxation increased by 0.00 per cent at Rs 1.53 crore (Sep'20 Rs 0.00 crore).