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Published on 1/03/2021 11:25:02 AM | Source: Dion Global Solutions Ltd

India Motor Part Q3 net profit jumps 48.44% at Rs 15.26 cr

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The company reported standalone net profit of Rs 15.26 crore for the quarter ended December 31, 2020 as compared to Rs 10.28 crore in the same period last year, registering a year-on-year growth of 48.44 per cent. Net revenue of the company rose moderately by 17.07 per cent at Rs 162.98 crore in October-December quarter of this fiscal as against Rs 139.21 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 13.53 per cent to Rs 147.20 crore from Rs 129.66 crore in year ago period. Other Income grew by 11.75 per cent at Rs 4.66 crore versus (Dec'19 Rs 4.17 crore). Operating Profit surged by 65.24 per cent to Rs 15.78 crore as against Rs 9.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.11 per cent in December quarter. Taxation increased by 56.29 per cent at Rs 4.97 crore (Dec'19 Rs 3.18 crore).
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