Goodluck Steel Tubes Q4 net profit zooms 197.07% at Rs 24.30 cr
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The company reported standalone net profit of Rs 24.30 crore for the quarter ended March 31, 2022 as compared to Rs 8.18 crore in the same period last year, registering a year-on-year growth of 197.07 per cent. Net revenue of the company rose substantially by 45.75 per cent at Rs 700.79 crore in January-March quarter of this fiscal as against Rs 480.83 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 43.12 per cent to Rs 648.45 crore from Rs 453.08 crore in year ago period.
Other Income dipped by 65.16 per cent at Rs 1.23 crore versus (Mar'21 Rs 3.53 crore). Operating Profit surged by 88.61 per cent to Rs 52.34 crore as against Rs 27.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.46 per cent in March quarter. Interest declined by 2.55 per cent y-o-y to Rs 13.78 crore, while Taxation increased by 269.67 per cent at Rs 7.80 crore (Mar'21 Rs 2.11 crore).
