HEG posts Q4 net profit of Rs 113.25 cr
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The company reported standalone net profit during the quarter stood at Rs 113.25 crore compared to net loss of Rs 6.80 crore in the previous year quarter. Net revenue of the company rose substantially by 76.90 per cent at Rs 673.06 crore in January-March quarter of this fiscal as against Rs 380.48 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 34.01 per cent to Rs 516.17 crore from Rs 385.17 crore in year ago period. Other Income dipped by 30.70 per cent at Rs 17.40 crore versus (Mar'21 Rs 25.11 crore). Operating Profit surged by 3445.20 per cent to Rs 156.89 crore as against Rs -4.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1995.12 per cent in March quarter. Interest declined by 8.26 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 405.23 per cent at Rs 38.65 crore (Mar'21 Rs 7.65 crore).
