ITD Cementation Indi Q4 net profit down 68.79% at Rs 16.39 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 16.39 crore for the quarter ended March 31, 2022 as compared to Rs 52.51 crore in the same period last year, registering a year-on-year decline of 68.79 per cent. Net revenue of the company rose substantially by 25.34 per cent at Rs 1,010.85 crore in January-March quarter of this fiscal as against Rs 806.48 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 33.69 per cent to Rs 928.68 crore from Rs 694.65 crore in year ago period.
Other Income dipped by 25.20 per cent at Rs 2.82 crore versus (Mar'21 Rs 3.77 crore). Operating Profit slipped by 26.53 per cent to Rs 82.17 crore as against Rs 111.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.38 per cent in March quarter. Interest grew by 4.34 per cent y-o-y to Rs 33.69 crore, while Taxation increased by 10.29 per cent at Rs 10.83 crore (Mar'21 Rs 9.82 crore).
