Redington (India) Ltd Q4 net profit down 34.79% at Rs 115.47 cr
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The company reported standalone net profit of Rs 115.47 crore for the quarter ended March 31, 2021 as compared to Rs 177.07 crore in the same period last year, registering a year-on-year decline of 34.79 per cent. Net revenue of the company rose substantially by 44.27 per cent at Rs 6,352.35 crore in January-March quarter of this fiscal as against Rs 4,403.10 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 43.84 per cent to Rs 6,201.97 crore from Rs 4,311.64 crore in year ago period. Other Income dipped by 90.59 per cent at Rs 14.94 crore versus (Mar'20 Rs 158.85 crore).
Operating Profit surged by 64.42 per cent to Rs 150.38 crore as against Rs 91.46 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.94 per cent in March quarter. Interest declined by 92.41 per cent y-o-y to Rs 1.52 crore, while Taxation decreased by 10.90 per cent at Rs 41.51 crore (Mar'20 Rs 46.59 crore).
