Markets

News Details

( 11 Nov 2021)
Sagarsoft (India) Q2 net profit up 2.82% at Rs 1.46 cr

The company reported standalone net profit of Rs 1.46 crore for the quarter ended September 30, 2021 as compared to Rs 1.42 crore in the same period last year, registering a year-on-year growth of 2.82 per cent.

Net revenue of the company rose substantially by 28.97 per cent at Rs 12.91 crore in July-September quarter of this fiscal as against Rs 10.01 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 33.71 per cent to Rs 10.67 crore from Rs 7.98 crore in year ago period.

Other Income dipped by 6.90 per cent at Rs 0.27 crore versus (Sep'20 Rs 0.29 crore).

Operating Profit surged by 10.34 per cent to Rs 2.24 crore as against Rs 2.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.53 per cent in September quarter.

Taxation increased by 0.00 per cent at Rs 0.51 crore (Sep'20 Rs 0.51 crore).