Fine Organic Industries Q4 net profit down 13.90% at Rs 28.87 cr
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The company reported standalone net profit of Rs 28.87 crore for the quarter ended March 31, 2021 as compared to Rs 33.53 crore in the same period last year, registering a year-on-year decline of 13.90 per cent. Net revenue of the company rose substantially by 32.69 per cent at Rs 321.69 crore in January-March quarter of this fiscal as against Rs 242.43 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 47.47 per cent to Rs 275.76 crore from Rs 187.00 crore in year ago period. Other Income grew by 30.60 per cent at Rs 6.06 crore versus (Mar'20 Rs 4.64 crore).
Operating Profit slipped by 17.15 per cent to Rs 45.93 crore as against Rs 55.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.56 per cent in March quarter. Interest declined by 20.51 per cent y-o-y to Rs 1.24 crore, while Taxation decreased by 22.59 per cent at Rs 9.49 crore (Mar'20 Rs 12.26 crore).
