Transport Corporation of India Q4 net profit jumps 68.99% at Rs 52.86 cr
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The company reported standalone net profit of Rs 52.86 crore for the quarter ended March 31, 2021 as compared to Rs 31.28 crore in the same period last year, registering a year-on-year growth of 68.99 per cent. Net revenue of the company rose substantially by 27.32 per cent at Rs 796.64 crore in January-March quarter of this fiscal as against Rs 625.68 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 25.26 per cent to Rs 711.08 crore from Rs 567.70 crore in year ago period. Other Income grew by 58.26 per cent at Rs 10.54 crore versus (Mar'20 Rs 6.66 crore).
Operating Profit surged by 47.57 per cent to Rs 85.56 crore as against Rs 57.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.86 per cent in March quarter. Interest declined by 29.82 per cent y-o-y to Rs 5.60 crore, while Taxation increased by 28.32 per cent at Rs 7.34 crore (Mar'20 Rs 5.72 crore).
