Raymond Ltd Q4 net profit zooms 188.11% at Rs 59.35 cr
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The company reported standalone net profit of Rs 59.35 crore for the quarter ended March 31, 2021 as compared to Rs 20.60 crore in the same period last year, registering a year-on-year growth of 188.11 per cent. Net revenue of the company rose substantially by 22.68 per cent at Rs 792.85 crore in January-March quarter of this fiscal as against Rs 646.25 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 9.82 per cent to Rs 658.21 crore from Rs 599.33 crore in year ago period. Other Income grew by 48.98 per cent at Rs 26.92 crore versus (Mar'20 Rs 18.07 crore).
Operating Profit surged by 186.96 per cent to Rs 134.64 crore as against Rs 46.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 133.88 per cent in March quarter. Interest declined by 11.86 per cent y-o-y to Rs 38.26 crore, while Taxation increased by 1762.87 per cent at Rs 31.11 crore (Mar'20 Rs 1.67 crore).
