Hikal Q4 net profit zooms 108.09% at Rs 50.92 cr
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The company reported standalone net profit of Rs 50.92 crore for the quarter ended March 31, 2021 as compared to Rs 24.47 crore in the same period last year, registering a year-on-year growth of 108.09 per cent. Net revenue of the company rose substantially by 42.09 per cent at Rs 531.57 crore in January-March quarter of this fiscal as against Rs 374.10 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 37.24 per cent to Rs 423.20 crore from Rs 308.36 crore in year ago period. Other Income grew by 65.90 per cent at Rs 2.87 crore versus (Mar'20 Rs 1.73 crore).
Operating Profit surged by 54.69 per cent to Rs 109.26 crore as against Rs 70.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.85 per cent in March quarter. Interest declined by 27.23 per cent y-o-y to Rs 9.97 crore, while Taxation increased by 124.08 per cent at Rs 29.69 crore (Mar'20 Rs 13.25 crore).
