Elecon Engineering Q4 net profit down 63.96% at Rs 22.43 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 22.43 crore for the quarter ended March 31, 2021 as compared to Rs 62.23 crore in the same period last year, registering a year-on-year decline of 63.96 per cent. Net revenue of the company rose substantially by 35.59 per cent at Rs 273.47 crore in January-March quarter of this fiscal as against Rs 201.69 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 14.23 per cent to Rs 215.69 crore from Rs 188.82 crore in year ago period. Other Income grew by 49.07 per cent at Rs 2.40 crore versus (Mar'20 Rs 1.61 crore).
Operating Profit surged by 348.95 per cent to Rs 57.78 crore as against Rs 12.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 231.19 per cent in March quarter. Interest declined by 23.35 per cent y-o-y to Rs 12.57 crore, while Taxation increased by 119.44 per cent at Rs 14.75 crore (Mar'20 Rs -75.87 crore).
