Fairchem Organics Q4 net profit down 40.31% at Rs 11.24 cr
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The company reported standalone net profit of Rs 11.24 crore for the quarter ended March 31, 2022 as compared to Rs 18.83 crore in the same period last year, registering a year-on-year decline of 40.31 per cent. Net revenue of the company rose moderately by 11.49 per cent at Rs 177.37 crore in January-March quarter of this fiscal as against Rs 159.09 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.57 per cent to Rs 158.91 crore from Rs 131.80 crore in year ago period.
Other Income dipped by 88.46 per cent at Rs 0.03 crore versus (Mar'21 Rs 0.26 crore). Operating Profit slipped by 32.00 per cent to Rs 18.72 crore as against Rs 27.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.96 per cent in March quarter. Interest declined by 21.96 per cent y-o-y to Rs 1.67 crore, while Taxation decreased by 23.17 per cent at Rs 3.98 crore (Mar'21 Rs 5.18 crore).a
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