I G Petrochemicals Q4 net profit zooms 2392.31% at Rs 100.44 cr
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The company reported standalone net profit of Rs 100.44 crore for the quarter ended March 31, 2021 as compared to Rs 4.03 crore in the same period last year, registering a year-on-year growth of 2392.31 per cent. Net revenue of the company rose substantially by 58.06 per cent at Rs 424.40 crore in January-March quarter of this fiscal as against Rs 268.51 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 10.73 per cent to Rs 279.60 crore from Rs 252.50 crore in year ago period. Other Income dipped by 23.08 per cent at Rs 1.50 crore versus (Mar'20 Rs 1.95 crore).
Operating Profit surged by 804.43 per cent to Rs 144.80 crore as against Rs 16.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 472.48 per cent in March quarter. Interest declined by 70.12 per cent y-o-y to Rs 1.24 crore, while Taxation increased by 1572.55 per cent at Rs 34.12 crore (Mar'20 Rs 2.04 crore).
