GRM Overseas Q4 net profit up 33.71% at Rs 13.13 cr
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The company reported standalone net profit of Rs 13.13 crore for the quarter ended March 31, 2022 as compared to Rs 9.82 crore in the same period last year, registering a year-on-year growth of 33.71 per cent. Net revenue of the company rose substantially by 24.17 per cent at Rs 350.65 crore in January-March quarter of this fiscal as against Rs 282.40 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 26.77 per cent to Rs 342.32 crore from Rs 270.04 crore in year ago period.
Other Income grew by 215.05 per cent at Rs 14.65 crore versus (Mar'21 Rs 4.65 crore). Operating Profit slipped by 32.66 per cent to Rs 8.33 crore as against Rs 12.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.66 per cent in March quarter. Interest grew by 29.32 per cent y-o-y to Rs 3.97 crore, while Taxation increased by 48.98 per cent at Rs 5.11 crore (Mar'21 Rs 3.43 crore).
