Dewan Housing posts Q4 net profit of Rs 96.78 cr
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The company reported standalone net profit during the quarter stood at Rs 96.78 crore compared to net loss of Rs 7634.89 crore in the previous year quarter. Net revenue of the company declined moderately by 14.88 per cent at Rs 2,020.46 crore in January-March quarter of this fiscal as against Rs 2,373.78 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 85.98 per cent to Rs 1,755.00 crore from Rs 12,516.05 crore in year ago period. Other Income grew by 467.32 per cent at Rs 26.04 crore versus (Mar'20 Rs 4.59 crore). Operating Profit surged by 102.76 per cent to Rs 279.53 crore as against Rs -10,128.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 103.24 per cent in March quarter. Interest declined by 61.54 per cent y-o-y to Rs 51.18 crore, while Taxation increased by 105.15 per cent at Rs 137.19 crore (Mar'20 Rs -2,662.02 crore).
