FDC Q4 net profit down 65.73% at Rs 14.38 cr
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The company reported standalone net profit of Rs 14.38 crore for the quarter ended March 31, 2022 as compared to Rs 41.96 crore in the same period last year, registering a year-on-year decline of 65.73 per cent. Net revenue of the company rose moderately by 8.04 per cent at Rs 336.61 crore in January-March quarter of this fiscal as against Rs 311.55 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 16.48 per cent to Rs 319.40 crore from Rs 274.20 crore in year ago period.
Other Income dipped by 47.51 per cent at Rs 11.60 crore versus (Mar'21 Rs 22.10 crore). Operating Profit slipped by 53.92 per cent to Rs 17.21 crore as against Rs 37.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.38 per cent in March quarter. Interest declined by 34.29 per cent y-o-y to Rs 0.69 crore, while Taxation decreased by 34.10 per cent at Rs 4.58 crore (Mar'21 Rs 6.95 crore).
