Deepak Nitrite Q4 net profit down 13.04% at Rs 101.10 cr
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The company reported standalone net profit of Rs 101.10 crore for the quarter ended March 31, 2021 as compared to Rs 116.26 crore in the same period last year, registering a year-on-year decline of 13.04 per cent. Net revenue of the company rose by 0.09 per cent at Rs 525.70 crore in January-March quarter of this fiscal as against Rs 525.24 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 8.50 per cent to Rs 370.04 crore from Rs 341.06 crore in year ago period. Other Income grew by 271.05 per cent at Rs 2.82 crore versus (Mar'20 Rs 0.76 crore).
Operating Profit slipped by 15.48 per cent to Rs 155.66 crore as against Rs 184.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.57 per cent in March quarter. Interest declined by 94.93 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 17.03 per cent at Rs 36.05 crore (Mar'20 Rs 43.45 crore).
