India Motor Part Q4 net profit up 8.69% at Rs 20.27 cr
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The company reported standalone net profit of Rs 20.27 crore for the quarter ended March 31, 2022 as compared to Rs 18.65 crore in the same period last year, registering a year-on-year growth of 8.69 per cent. Net revenue of the company rose moderately by 7.22 per cent at Rs 172.16 crore in January-March quarter of this fiscal as against Rs 160.56 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 7.90 per cent to Rs 152.44 crore from Rs 141.28 crore in year ago period.
Other Income dipped by 5.74 per cent at Rs 5.75 crore versus (Mar'21 Rs 6.10 crore). Operating Profit surged by 2.28 per cent to Rs 19.72 crore as against Rs 19.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.66 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 23.47 per cent at Rs 4.99 crore (Mar'21 Rs 6.52 crore).
