Bajaj Steel Ind. Q3 net profit zooms 150.80% at Rs 17.18 cr
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The company reported standalone net profit of Rs 17.18 crore for the quarter ended December 31, 2020 as compared to Rs 6.85 crore in the same period last year, registering a year-on-year growth of 150.80 per cent. Net revenue of the company rose substantially by 59.43 per cent at Rs 158.04 crore in October-December quarter of this fiscal as against Rs 99.13 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 47.43 per cent to Rs 132.10 crore from Rs 89.60 crore in year ago period.
Other Income dipped by 47.75 per cent at Rs 0.93 crore versus (Dec'19 Rs 1.78 crore). Operating Profit surged by 172.48 per cent to Rs 25.94 crore as against Rs 9.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 70.86 per cent in December quarter. Interest declined by 3.83 per cent y-o-y to Rs 1.76 crore, while Taxation increased by 256.79 per cent at Rs 5.78 crore (Dec'19 Rs 1.62 crore).
