01-01-1970 12:00 AM | Source: Dion Global Solution Ltd
Filatex India Q3 net profit jumps 48.77% at Rs 98.25 cr
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The company reported standalone net profit of Rs 98.25 crore for the quarter ended December 31, 2021 as compared to Rs 66.04 crore in the same period last year, registering a year-on-year growth of 48.77 per cent. Net revenue of the company rose substantially by 48.87 per cent at Rs 1,074.22 crore in October-December quarter of this fiscal as against Rs 721.59 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 52.15 per cent to Rs 915.04 crore from Rs 601.42 crore in year ago period. Other Income grew by 620.00 per cent at Rs 12.96 crore versus (Dec'20 Rs 1.80 crore). Operating Profit surged by 32.46 per cent to Rs 159.18 crore as against Rs 120.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.99 per cent in December quarter. Interest declined by 50.12 per cent y-o-y to Rs 7.99 crore, while Taxation increased by 96.42 per cent at Rs 49.38 crore (Dec'20 Rs 25.14 crore).