Exide Industries Q4 net profit jumps 45.31% at Rs 244.12 cr
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The company reported standalone net profit of Rs 244.12 crore for the quarter ended March 31, 2021 as compared to Rs 168.00 crore in the same period last year, registering a year-on-year growth of 45.31 per cent. Net revenue of the company rose substantially by 43.00 per cent at Rs 2,938.84 crore in January-March quarter of this fiscal as against Rs 2,055.09 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 41.55 per cent to Rs 2,526.50 crore from Rs 1,784.86 crore in year ago period. Other Income grew by 39.56 per cent at Rs 23.53 crore versus (Mar'20 Rs 16.86 crore).
Operating Profit surged by 52.59 per cent to Rs 412.34 crore as against Rs 270.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.69 per cent in March quarter. Interest grew by 130.08 per cent y-o-y to Rs 8.49 crore, while Taxation increased by 298.56 per cent at Rs 85.85 crore (Mar'20 Rs 21.54 crore).
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