Birla Corporation Lt Q4 net profit zooms 149.55% at Rs 228.01 cr
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The company reported standalone net profit of Rs 228.01 crore for the quarter ended March 31, 2021 as compared to Rs 91.37 crore in the same period last year, registering a year-on-year growth of 149.55 per cent. Net revenue of the company rose substantially by 21.57 per cent at Rs 1,391.99 crore in January-March quarter of this fiscal as against Rs 1,144.97 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 23.43 per cent to Rs 1,203.95 crore from Rs 975.39 crore in year ago period. Other Income grew by 2.84 per cent at Rs 24.26 crore versus (Mar'20 Rs 23.59 crore).
Operating Profit surged by 10.89 per cent to Rs 188.04 crore as against Rs 169.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.78 per cent in March quarter. Interest declined by 36.50 per cent y-o-y to Rs 28.37 crore, while Taxation decreased by 580.33 per cent at Rs -92.56 crore (Mar'20 Rs 19.27 crore).
