MIDEAST PORTFOLIO Q2 : STANDALONE NET PROFIT UP 66.9% AT ₹24.7 L (YOY), UP 6.5% (QOQ). MIX (On 1st Look)

Revenue from operations up at ₹8.02 Cr (YOY) from nil, sharply up from ₹0.30 Cr (QOQ). Profit before tax up 75.3% at ₹24.7 L (YOY), down 19.7% (QOQ). Margins 3.1% v 66.1% (YOY), 81.8% (QOQ) as purchase of stock in trade at ₹7.72 Cr was booked. H1 net profit down 65% at ₹47.9 L (YOY) versus ₹136.8 L earlier. Total expenses ₹7.77 Cr v ₹0.07 Cr (QOQ); other income nil v ₹7.62 L (QOQ).

Mid East Portfolio Management Ltd

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