Balaji Amines Ltd Q4 net profit zooms 144.91% at Rs 79.23 cr
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The company reported standalone net profit of Rs 79.23 crore for the quarter ended March 31, 2021 as compared to Rs 32.35 crore in the same period last year, registering a year-on-year growth of 144.91 per cent. Net revenue of the company rose substantially by 57.82 per cent at Rs 371.67 crore in January-March quarter of this fiscal as against Rs 235.50 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 44.27 per cent to Rs 262.56 crore from Rs 181.99 crore in year ago period. Other Income grew by 82.61 per cent at Rs 5.04 crore versus (Mar'20 Rs 2.76 crore).
Operating Profit surged by 103.92 per cent to Rs 109.12 crore as against Rs 53.51 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.23 per cent in March quarter. Interest declined by 68.46 per cent y-o-y to Rs 0.88 crore, while Taxation increased by 113.06 per cent at Rs 28.55 crore (Mar'20 Rs 13.40 crore).
