Honda India Power Q4 net profit zooms 215.26% at Rs 15.29 cr
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The company reported standalone net profit of Rs 15.29 crore for the quarter ended March 31, 2021 as compared to Rs 4.85 crore in the same period last year, registering a year-on-year growth of 215.26 per cent. Net revenue of the company rose substantially by 51.08 per cent at Rs 295.62 crore in January-March quarter of this fiscal as against Rs 195.67 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 46.22 per cent to Rs 274.93 crore from Rs 188.03 crore in year ago period. Other Income grew by 22.63 per cent at Rs 4.39 crore versus (Mar'20 Rs 3.58 crore).
Operating Profit surged by 170.81 per cent to Rs 20.69 crore as against Rs 7.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.49 per cent in March quarter. Interest grew by 33.33 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 379.41 per cent at Rs 4.89 crore (Mar'20 Rs 1.02 crore).
