Agarwal Industrial Corporation Q4 net profit up 31.89% at Rs 15.18 cr
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The company reported standalone net profit of Rs 15.18 crore for the quarter ended March 31, 2022 as compared to Rs 11.51 crore in the same period last year, registering a year-on-year growth of 31.89 per cent. Net revenue of the company rose substantially by 39.75 per cent at Rs 596.07 crore in January-March quarter of this fiscal as against Rs 426.54 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 40.93 per cent to Rs 572.42 crore from Rs 406.18 crore in year ago period. Other Income grew by 58.00 per cent at Rs 3.16 crore versus (Mar'21 Rs 2.00 crore). Operating Profit surged by 16.10 per cent to Rs 23.65 crore as against Rs 20.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.77 per cent in March quarter. Interest grew by 17.79 per cent y-o-y to Rs 3.31 crore, while Taxation increased by 0.86 per cent at Rs 4.70 crore (Mar'21 Rs 4.66 crore).
