India Cements Ltd posts Q4 net profit of Rs 71.63 cr
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The company reported standalone net profit during the quarter stood at Rs 71.63 crore compared to net loss of Rs 111.07 crore in the previous year quarter. Net revenue of the company rose substantially by 25.85 per cent at Rs 1,449.62 crore in January-March quarter of this fiscal as against Rs 1,151.90 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 15.18 per cent to Rs 1,249.10 crore from Rs 1,084.45 crore in year ago period. Other Income dipped by 34.41 per cent at Rs 11.82 crore versus (Mar'20 Rs 18.02 crore).
Operating Profit surged by 197.29 per cent to Rs 200.52 crore as against Rs 67.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 136.01 per cent in March quarter. Interest declined by 42.59 per cent y-o-y to Rs 53.02 crore, while Taxation increased by 143.92 per cent at Rs 26.37 crore (Mar'20 Rs -60.04 crore).
