Brigade Enterprises Q4 net profit zooms 142.87% at Rs 98.63 cr
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The company reported standalone net profit of Rs 98.63 crore for the quarter ended March 31, 2021 as compared to Rs 40.61 crore in the same period last year, registering a year-on-year growth of 142.87 per cent. Net revenue of the company rose substantially by 39.25 per cent at Rs 613.46 crore in January-March quarter of this fiscal as against Rs 440.53 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 31.55 per cent to Rs 449.10 crore from Rs 341.38 crore in year ago period. Other Income dipped by 16.69 per cent at Rs 31.30 crore versus (Mar'20 Rs 37.57 crore). Operating Profit surged by 65.77 per cent to Rs 164.36 crore as against Rs 99.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.01 per cent in March quarter. Interest declined by 6.28 per cent y-o-y to Rs 45.40 crore, while Taxation decreased by 0.19 per cent at Rs 15.43 crore (Mar'20 Rs 15.46 crore).
