Godawari Power & Ispat Q4 net profit zooms 1027.79% at Rs 303.94 cr
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The company reported standalone net profit of Rs 303.94 crore for the quarter ended March 31, 2021 as compared to Rs 26.95 crore in the same period last year, registering a year-on-year growth of 1027.79 per cent. Net revenue of the company rose substantially by 91.23 per cent at Rs 1,236.64 crore in January-March quarter of this fiscal as against Rs 646.69 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 41.90 per cent to Rs 768.26 crore from Rs 541.41 crore in year ago period. Other Income grew by 881.25 per cent at Rs 3.14 crore versus (Mar'20 Rs 0.32 crore).
Operating Profit surged by 344.89 per cent to Rs 468.38 crore as against Rs 105.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 132.68 per cent in March quarter. Interest declined by 47.15 per cent y-o-y to Rs 18.71 crore, while Taxation increased by 498.10 per cent at Rs 125.78 crore (Mar'20 Rs 21.03 crore).
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