B L Kashyap & Sons posts Q4 net profit of Rs 24.71 cr
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The company reported standalone net profit during the quarter stood at Rs 24.71 crore compared to net loss of Rs 3.79 crore in the previous year quarter. Net revenue of the company rose moderately by 11.05 per cent at Rs 319.52 crore in January-March quarter of this fiscal as against Rs 287.73 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 18.46 per cent to Rs 312.89 crore from Rs 264.14 crore in year ago period. Other Income dipped by 90.20 per cent at Rs 2.04 crore versus (Mar'21 Rs 20.81 crore). Operating Profit slipped by 71.85 per cent to Rs 6.64 crore as against Rs 23.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 74.63 per cent in March quarter. Interest declined by 1.78 per cent y-o-y to Rs 14.33 crore, while Taxation decreased by 67.34 per cent at Rs 10.25 crore (Mar'21 Rs 31.38 crore).
