EID Parry Q4 net profit up 33.52% at Rs 225.12 cr
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The company reported standalone net profit of Rs 225.12 crore for the quarter ended March 31, 2022 as compared to Rs 168.60 crore in the same period last year, registering a year-on-year growth of 33.52 per cent. Net revenue of the company rose substantially by 63.43 per cent at Rs 922.31 crore in January-March quarter of this fiscal as against Rs 564.34 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 82.03 per cent to Rs 740.20 crore from Rs 406.64 crore in year ago period. Other Income dipped by 6.72 per cent at Rs 126.80 crore versus (Mar'21 Rs 135.93 crore). Operating Profit surged by 15.48 per cent to Rs 182.11 crore as against Rs 157.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.35 per cent in March quarter. Interest declined by 41.67 per cent y-o-y to Rs 10.15 crore, while Taxation decreased by 36.21 per cent at Rs 41.93 crore (Mar'21 Rs 65.73 crore).
