Ashapura Min. Lt Q4 net profit down 93.58% at Rs 24.40 cr
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The company reported standalone net profit of Rs 24.40 crore for the quarter ended March 31, 2021 as compared to Rs 380.15 crore in the same period last year, registering a year-on-year decline of 93.58 per cent. Net revenue of the company rose triple digit by 174.85 per cent at Rs 179.53 crore in January-March quarter of this fiscal as against Rs 65.32 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 91.17 per cent to Rs 145.46 crore from Rs 76.09 crore in year ago period. Other Income grew by 364.36 per cent at Rs 13.42 crore versus (Mar'20 Rs 2.89 crore).
Operating Profit surged by 416.64 per cent to Rs 34.07 crore as against Rs -10.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 215.17 per cent in March quarter. Interest grew by 110.99 per cent y-o-y to Rs 7.87 crore, while Taxation increased by 0.00 per cent at Rs 10.24 crore (Mar'20 Rs 0.00 crore).
