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29/04/2024 17:50

CNI Research Q4 net profit down 67.86% at Rs 0.27 cr

The company reported standalone net profit of Rs 0.27 crore for the quarter ended March 31, 2024 as compared to Rs 0.84 crore in the same period last year, registering a year-on-year decline of 67.86 per cent.

Net revenue of the company rose triple digit by 198.92 per cent at Rs 2.78 crore in January-March quarter of this fiscal as against Rs 0.93 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 190.72 per cent to Rs 2.82 crore from Rs 0.97 crore in year ago period.

Other Income grew by 168.09 per cent at Rs 0.32 crore versus (Mar'23 Rs -0.47 crore).

Operating Profit surged by 33.33 per cent to Rs -0.04 crore as against Rs -0.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 58.92 per cent in March quarter.

Taxation increased by 0.00 per cent at Rs 0.01 crore (Mar'23 Rs 0.00 crore).