Kirloskar Ferrous industries Q4 net profit zooms 135.40% at Rs 135.33 cr
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The company reported standalone net profit of Rs 135.33 crore for the quarter ended March 31, 2021 as compared to Rs 57.49 crore in the same period last year, registering a year-on-year growth of 135.40 per cent. Net revenue of the company rose substantially by 67.05 per cent at Rs 748.70 crore in January-March quarter of this fiscal as against Rs 448.18 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 48.16 per cent to Rs 553.00 crore from Rs 373.24 crore in year ago period. Other Income dipped by 93.06 per cent at Rs 0.99 crore versus (Mar'20 Rs 14.27 crore). Operating Profit surged by 161.14 per cent to Rs 195.70 crore as against Rs 74.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 56.34 per cent in March quarter. Interest grew by 73.77 per cent y-o-y to Rs 5.63 crore, while Taxation increased by 158.26 per cent at Rs 35.64 crore (Mar'20 Rs 13.80 crore).
