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News Details

( As on 17/01/2024 16:00)

MosChip Technologies Q3 net profit down 59.17% at Rs 0.49 cr

The company reported standalone net profit of Rs 0.49 crore for the quarter ended December 31, 2023 as compared to Rs 1.20 crore in the same period last year, registering a year-on-year decline of 59.17 per cent.

Net revenue of the company rose substantially by 46.63 per cent at Rs 69.40 crore in October-December quarter of this fiscal as against Rs 47.33 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 54.89 per cent to Rs 65.07 crore from Rs 42.01 crore in year ago period.

Other Income dipped by 15.69 per cent at Rs 0.43 crore versus (Dec'22 Rs 0.51 crore).

Operating Profit slipped by 18.46 per cent to Rs 4.33 crore as against Rs 5.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.39 per cent in December quarter.

Interest declined by 14.20 per cent y-o-y to Rs 1.39 crore