Jay Bharat Maruti Q4 net profit jumps 98.02% at Rs 19.96 cr
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The company reported standalone net profit of Rs 19.96 crore for the quarter ended March 31, 2021 as compared to Rs 10.08 crore in the same period last year, registering a year-on-year growth of 98.02 per cent. Net revenue of the company rose substantially by 34.88 per cent at Rs 540.98 crore in January-March quarter of this fiscal as against Rs 401.08 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 32.80 per cent to Rs 482.80 crore from Rs 363.56 crore in year ago period. Other Income grew by 1.75 per cent at Rs 0.58 crore versus (Mar'20 Rs 0.57 crore).
Operating Profit surged by 55.06 per cent to Rs 58.18 crore as against Rs 37.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.97 per cent in March quarter. Interest declined by 14.11 per cent y-o-y to Rs 7.79 crore, while Taxation increased by 161.98 per cent at Rs 11.37 crore (Mar'20 Rs 4.34 crore).
