05-06-2021 04:05 PM | Source: Dion Global Solutions Ltd
Sundaram Fasteners Ltd Q4 net profit zooms 177.82% at Rs 130.02 cr
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The company reported standalone net profit of Rs 130.02 crore for the quarter ended March 31, 2021 as compared to Rs 46.80 crore in the same period last year, registering a year-on-year growth of 177.82 per cent. Net revenue of the company rose substantially by 49.70 per cent at Rs 1,050.26 crore in January-March quarter of this fiscal as against Rs 701.56 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 44.41 per cent to Rs 869.12 crore from Rs 601.84 crore in year ago period. Other Income dipped by 33.89 per cent at Rs 2.36 crore versus (Mar'20 Rs 3.57 crore).

Operating Profit surged by 78.44 per cent to Rs 210.13 crore as against Rs 117.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.18 per cent in March quarter. Interest declined by 69.17 per cent y-o-y to Rs 3.41 crore, while Taxation increased by 160.90 per cent at Rs 42.84 crore (Mar'20 Rs 16.42 crore).