Published on 2/06/2020 5:46:58 PM | Source: Dion Global Solutions Ltd

Granules India L Q4 net profit zooms 387.79% at Rs 201.75 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 201.75 crore for the quarter ended March 31, 2020 as compared to Rs 41.36 crore in the same period last year, registering a year-on-year growth of 387.79 per cent.

Net revenue of the company declined moderately by 13.21 per cent at Rs 486.87 crore in January-March quarter of this fiscal as against Rs 561.00 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 17.47 per cent to Rs 389.56 crore from Rs 472.05 crore in year ago period. Other Income grew by 1014.57 per cent at Rs 16.83 crore versus (Mar'19 Rs 1.51 crore).

Operating Profit surged by 9.41 per cent to Rs 97.31 crore as against Rs 88.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.12 per cent in March quarter. Interest declined by 1.91 per cent y-o-y to Rs 6.67 crore, while Taxation increased by 111.33 per cent at Rs 40.49 crore (Mar'19 Rs 19.16 crore).