DCM Shriram Q4 net profit down 51.86% at Rs 191.34 cr
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The company reported standalone net profit of Rs 191.34 crore for the quarter ended March 31, 2023 as compared to Rs 397.43 crore in the same period last year, registering a year-on-year decline of 51.86 per cent. Net revenue of the company declined marginally by 3.60 per cent at Rs 2,630.44 crore in January-March quarter of this fiscal as against Rs 2,728.72 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 8.36 per cent to Rs 2,297.38 crore from Rs 2,120.08 crore in year ago period. Other Income dipped by 13.58 per cent at Rs 25.64 crore versus (Mar'22 Rs 29.67 crore). Operating Profit slipped by 44.04 per cent to Rs 349.95 crore as against Rs 625.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.97 per cent in March quarter. Interest declined by 29.95 per cent y-o-y to Rs 12.14 crore, while Taxation decreased by 43.27 per cent at Rs 102.35 crore (Mar'22 Rs 180.43 crore). |
