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News Details

( As on 18/01/2024 12:40)

Mittal Life Style Q3 net profit jumps 54.55% at Rs 0.34 cr

The company reported standalone net profit of Rs 0.34 crore for the quarter ended December 31, 2023 as compared to Rs 0.22 crore in the same period last year, registering a year-on-year growth of 54.55 per cent.

Net revenue of the company declined marginally by 1.23 per cent at Rs 13.69 crore in October-December quarter of this fiscal as against Rs 13.86 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.80 per cent to Rs 13.56 crore from Rs 13.67 crore in year ago period.

Operating Profit slipped by 26.32 per cent to Rs 0.14 crore as against Rs 0.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.74 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 300.00 per cent at Rs 0.20 crore (Dec'22 Rs 0.05 crore).