Crest Ventures disclosed a sharp rise in consolidated net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 8.73 times to Rs 44.20 million from Rs 5.06 million in the same quarter last year.
Revenues for the quarter declined 37.20% to Rs 75.75 million, compared with Rs 120.62 million for the prior year period.
Total expenses as a percent of revenues decreased to 97.41 percent from 101.80 percent in the same period last year. This has led to an improvement of 439 basis points in operating margin to 2.59 percent.
Operating margin for the quarter stood at positive 1.80 percent as compared to a negative 1.80 percent for the previous year period. Operating Income for the quarter was Rs 1.96 million, compared with an operating loss of Rs 2.17 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.54, registering 8.76 times growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 75.75 | 120.62 | (37.20) |
| Net Profit | 44.20 | 5.06 | 773.13 |
| Diluted EPS | 2.54 | 0.29 | 775.86 |
Shares of the company gained Rs 1.05, or 2.15%, to trade at Rs 49.90. The total volume of shares traded was 1 at the BSE (2.27 p.m., Monday).
