India Glycols Q4 net profit zooms 184.73% at Rs 19.02 cr
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The company reported standalone net profit of Rs 19.02 crore for the quarter ended March 31, 2022 as compared to Rs 6.68 crore in the same period last year, registering a year-on-year growth of 184.73 per cent. Net revenue of the company declined substantially by 59.72 per cent at Rs 638.08 crore in January-March quarter of this fiscal as against Rs 1,584.11 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 62.93 per cent to Rs 560.86 crore from Rs 1,512.96 crore in year ago period.
Other Income grew by 111.63 per cent at Rs 8.55 crore versus (Mar'21 Rs 4.04 crore). Operating Profit surged by 8.53 per cent to Rs 77.22 crore as against Rs 71.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 169.49 per cent in March quarter. Interest declined by 0.72 per cent y-o-y to Rs 16.51 crore, while Taxation decreased by 122.04 per cent at Rs -8.42 crore (Mar'21 Rs 38.21 crore).
