Engineers India Q4 net profit down 76.46% at Rs 30.54 cr
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The company reported standalone net profit of Rs 30.54 crore for the quarter ended March 31, 2021 as compared to Rs 129.72 crore in the same period last year, registering a year-on-year decline of 76.46 per cent. Net revenue of the company rose substantially by 30.79 per cent at Rs 1,116.71 crore in January-March quarter of this fiscal as against Rs 853.81 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 28.26 per cent to Rs 952.70 crore from Rs 742.77 crore in year ago period. Other Income dipped by 35.79 per cent at Rs 43.99 crore versus (Mar'20 Rs 68.51 crore). Operating Profit surged by 47.69 per cent to Rs 164.00 crore as against Rs 111.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.91 per cent in March quarter. Interest grew by 288.52 per cent y-o-y to Rs 2.37 crore, while Taxation decreased by 69.24 per cent at Rs 13.07 crore (Mar'20 Rs 42.49 crore).
