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( 13 Aug 2019)
Odyssey Technolo Q1 net profit zooms 2450.00% at Rs 0.51 cr

The company reported standalone net profit of Rs 0.51 crore for the quarter ended June 30, 2019 as compared to Rs 0.02 crore in the same period last year, registering a year-on-year growth of 2450.00 per cent.

Net revenue of the company rose substantially by 48.36 per cent at Rs 3.62 crore in April-June quarter of this fiscal as against Rs 2.44 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 26.98 per cent to Rs 2.73 crore from Rs 2.15 crore in year ago period.

Other Income grew by 13.33 per cent at Rs 0.17 crore versus (Jun'18 Rs 0.15 crore).

Operating Profit surged by 206.90 per cent to Rs 0.89 crore as against Rs 0.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 104.85 per cent in June quarter.

Interest declined by 6.67 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 900.00 per cent at Rs 0.20 crore (Jun'18 Rs 0.02 crore).