INEOS Styrolution India Q4 net profit zooms 3526.97% at Rs 161.40 cr
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The company reported standalone net profit of Rs 161.40 crore for the quarter ended March 31, 2021 as compared to Rs 4.45 crore in the same period last year, registering a year-on-year growth of 3526.97 per cent. Net revenue of the company rose substantially by 77.31 per cent at Rs 636.55 crore in January-March quarter of this fiscal as against Rs 359.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 21.28 per cent to Rs 409.25 crore from Rs 337.45 crore in year ago period. Other Income grew by 119.39 per cent at Rs 3.62 crore versus (Mar'20 Rs 1.65 crore).
Operating Profit surged by 955.25 per cent to Rs 227.30 crore as against Rs 21.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 495.17 per cent in March quarter. Interest grew by 7.07 per cent y-o-y to Rs 5.30 crore, while Taxation increased by 1139.86 per cent at Rs 55.05 crore (Mar'20 Rs 4.44 crore).
