Kennametal India Q3 net profit zooms 147.06% at Rs 21.00 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 21.00 crore for the quarter ended March 31, 2021 as compared to Rs 8.50 crore in the same period last year, registering a year-on-year growth of 147.06 per cent. Net revenue of the company rose substantially by 36.88 per cent at Rs 227.90 crore in January-March quarter of this fiscal as against Rs 166.50 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 30.09 per cent to Rs 192.80 crore from Rs 148.20 crore in year ago period. Other Income dipped by 51.52 per cent at Rs 1.60 crore versus (Mar'20 Rs 3.30 crore).
Operating Profit surged by 91.80 per cent to Rs 35.10 crore as against Rs 18.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.13 per cent in March quarter. Taxation increased by 65.79 per cent at Rs 6.30 crore (Mar'20 Rs 3.80 crore).
