Gallantt Metal Q4 net profit zooms 205.92% at Rs 88.90 cr
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The company reported standalone net profit of Rs 88.90 crore for the quarter ended March 31, 2022 as compared to Rs 29.06 crore in the same period last year, registering a year-on-year growth of 205.92 per cent. Net revenue of the company rose triple digit by 142.96 per cent at Rs 863.09 crore in January-March quarter of this fiscal as against Rs 355.24 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 147.91 per cent to Rs 753.14 crore from Rs 303.80 crore in year ago period.
Other Income grew by 28973.33 per cent at Rs 43.61 crore versus (Mar'21 Rs 0.15 crore). Operating Profit surged by 113.74 per cent to Rs 109.95 crore as against Rs 51.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.02 per cent in March quarter. Interest grew by 168.29 per cent y-o-y to Rs 5.50 crore, while Taxation increased by 140.77 per cent at Rs 36.50 crore (Mar'21 Rs 15.16 crore).
