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18 January, 2021 04:24 IST
Pioneer Investcorp Q2 net profit falls 15.6% to Rs 6.10 mn
Source: IRIS | 23 Nov, 2020, 06.38PM
Rating: NAN / 5 stars.
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   Pioneer Investcorp, engaged in offering investment banking and advisory services, reported a fall of 15.63% in consolidated net profit to Rs 6.10 million in the quarter ended September 2020 as against Rs 7.23 million during the previous quarter ended September 2019.

The company’s total revenue dropped 40.67% to Rs 60.15 million in the quarter ended September 2020 as against Rs 101.39 million during the previous quarter ended September 2019.

Total expenses declined 42.40% to Rs 53.38 million in the quarter ended September 2020 as against Rs 92.68 million in the same quarter last fiscal.

Pioneer Investcorp EPS has decreased to Rs. 0.50 in September 2020 from Rs. 0.59 in September 2019.

Shares of the company gained Rs 0.25, or 0.9%, to settle  at  Rs 27.95.  The total volume of shares traded  was  250 at  the BSE (Monday).



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