AYM Syntex Q4 net profit zooms 110.54% at Rs 18.78 cr
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The company reported standalone net profit of Rs 18.78 crore for the quarter ended March 31, 2021 as compared to Rs 8.92 crore in the same period last year, registering a year-on-year growth of 110.54 per cent. Net revenue of the company rose substantially by 42.50 per cent at Rs 349.72 crore in January-March quarter of this fiscal as against Rs 245.42 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 38.65 per cent to Rs 307.86 crore from Rs 222.04 crore in year ago period. Other Income grew by 116.90 per cent at Rs 1.54 crore versus (Mar'20 Rs 0.71 crore).
Operating Profit surged by 79.04 per cent to Rs 41.86 crore as against Rs 23.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.60 per cent in March quarter. Interest declined by 5.58 per cent y-o-y to Rs 8.46 crore, while Taxation increased by 216.50 per cent at Rs 5.79 crore (Mar'20 Rs -4.97 crore).
