GTN Industries Q4 net profit zooms 819.11% at Rs 20.68 cr
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The company reported standalone net profit of Rs 20.68 crore for the quarter ended March 31, 2022 as compared to Rs 2.25 crore in the same period last year, registering a year-on-year growth of 819.11 per cent. Net revenue of the company rose substantially by 26.66 per cent at Rs 128.19 crore in January-March quarter of this fiscal as against Rs 101.21 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 12.47 per cent to Rs 98.21 crore from Rs 87.32 crore in year ago period.
Other Income grew by 276.47 per cent at Rs 0.64 crore versus (Mar'21 Rs 0.17 crore). Operating Profit surged by 115.84 per cent to Rs 29.98 crore as against Rs 13.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 70.48 per cent in March quarter. Interest declined by 79.75 per cent y-o-y to Rs 1.76 crore, while Taxation increased by 652.58 per cent at Rs 7.30 crore (Mar'21 Rs 0.97 crore).
