05-05-2021 05:22 PM | Source: Dion Global Solutions Ltd
Ceat Q4 net profit zooms 154.01% at Rs 141.84 cr
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The company reported standalone net profit of Rs 141.84 crore for the quarter ended March 31, 2021 as compared to Rs 55.84 crore in the same period last year, registering a year-on-year growth of 154.01 per cent. Net revenue of the company rose substantially by 49.58 per cent at Rs 2,279.03 crore in January-March quarter of this fiscal as against Rs 1,523.63 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 51.74 per cent to Rs 2,023.71 crore from Rs 1,333.70 crore in year ago period. Other Income dipped by 51.63 per cent at Rs 3.12 crore versus (Mar'20 Rs 6.45 crore).

Operating Profit surged by 34.43 per cent to Rs 255.32 crore as against Rs 189.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.18 per cent in March quarter. Interest grew by 15.97 per cent y-o-y to Rs 39.21 crore, while Taxation decreased by 232.91 per cent at Rs -12.48 crore (Mar'20 Rs 9.39 crore).