Welspun India Q4 net profit zooms 128.40% at Rs 136.63 cr
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The company reported standalone net profit of Rs 136.63 crore for the quarter ended March 31, 2021 as compared to Rs 59.82 crore in the same period last year, registering a year-on-year growth of 128.40 per cent. Net revenue of the company rose substantially by 45.08 per cent at Rs 1,718.75 crore in January-March quarter of this fiscal as against Rs 1,184.72 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 42.95 per cent to Rs 1,442.06 crore from Rs 1,008.79 crore in year ago period. Other Income grew by 123.16 per cent at Rs 25.15 crore versus (Mar'20 Rs 11.27 crore).
Operating Profit surged by 57.27 per cent to Rs 276.69 crore as against Rs 175.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.42 per cent in March quarter. Interest grew by 18.21 per cent y-o-y to Rs 37.33 crore, while Taxation increased by 3081.05 per cent at Rs 45.61 crore (Mar'20 Rs -1.53 crore).
