Atul Auto Q4 net profit up 18.94% at Rs 169.18 cr
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The company reported standalone net profit of Rs 169.18 crore for the quarter ended March 31, 2021 as compared to Rs 142.24 crore in the same period last year, registering a year-on-year growth of 18.94 per cent. Net revenue of the company rose moderately by 17.01 per cent at Rs 1,078.01 crore in January-March quarter of this fiscal as against Rs 921.31 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 13.05 per cent to Rs 835.83 crore from Rs 739.34 crore in year ago period. Other Income dipped by 52.71 per cent at Rs 15.82 crore versus (Mar'20 Rs 33.45 crore).
Operating Profit surged by 33.09 per cent to Rs 242.18 crore as against Rs 181.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.77 per cent in March quarter. Interest grew by 54.55 per cent y-o-y to Rs 0.51 crore, while Taxation increased by 33.77 per cent at Rs 56.72 crore (Mar'20 Rs 42.40 crore).
