Finolex Industries Q4 net profit jumps 66.08% at Rs 493.80 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 493.80 crore for the quarter ended March 31, 2022 as compared to Rs 297.33 crore in the same period last year, registering a year-on-year growth of 66.08 per cent. Net revenue of the company rose substantially by 27.63 per cent at Rs 1,594.57 crore in January-March quarter of this fiscal as against Rs 1,249.34 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 58.46 per cent to Rs 1,329.91 crore from Rs 839.29 crore in year ago period. Other Income grew by 82.87 per cent at Rs 24.76 crore versus (Mar'21 Rs 13.54 crore). Operating Profit slipped by 35.46 per cent to Rs 264.66 crore as against Rs 410.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.42 per cent in March quarter. Interest grew by 338.04 per cent y-o-y to Rs 8.06 crore, while Taxation increased by 35.67 per cent at Rs 142.07 crore (Mar'21 Rs 104.72 crore).
