Ester Industries Q4 net profit down 8.18% at Rs 33.89 cr
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The company reported standalone net profit of Rs 33.89 crore for the quarter ended March 31, 2021 as compared to Rs 36.91 crore in the same period last year, registering a year-on-year decline of 8.18 per cent. Net revenue of the company rose moderately by 17.00 per cent at Rs 297.03 crore in January-March quarter of this fiscal as against Rs 253.87 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 17.35 per cent to Rs 238.26 crore from Rs 203.03 crore in year ago period. Other Income dipped by 40.00 per cent at Rs 1.59 crore versus (Mar'20 Rs 2.65 crore).
Operating Profit surged by 15.62 per cent to Rs 58.78 crore as against Rs 50.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.20 per cent in March quarter. Interest grew by 17.56 per cent y-o-y to Rs 5.69 crore, while Taxation increased by 321.33 per cent at Rs 12.05 crore (Mar'20 Rs 2.86 crore).
