Birla Cable Q4 net profit jumps 67.14% at Rs 10.58 cr
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The company reported standalone net profit of Rs 10.58 crore for the quarter ended March 31, 2022 as compared to Rs 6.33 crore in the same period last year, registering a year-on-year growth of 67.14 per cent. Net revenue of the company rose substantially by 36.34 per cent at Rs 162.19 crore in January-March quarter of this fiscal as against Rs 118.96 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 35.11 per cent to Rs 144.73 crore from Rs 107.12 crore in year ago period.
Other Income grew by 102.17 per cent at Rs 0.93 crore versus (Mar'21 Rs 0.46 crore). Operating Profit surged by 47.59 per cent to Rs 17.46 crore as against Rs 11.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.14 per cent in March quarter. Interest declined by 12.50 per cent y-o-y to Rs 1.54 crore, while Taxation increased by 141.06 per cent at Rs 3.64 crore (Mar'21 Rs 1.51 crore).
