India Power Corp Q4 net profit zooms 215.48% at Rs 10.19 cr
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The company reported standalone net profit of Rs 10.19 crore for the quarter ended March 31, 2022 as compared to Rs 3.23 crore in the same period last year, registering a year-on-year growth of 215.48 per cent. Net revenue of the company rose moderately by 11.65 per cent at Rs 156.54 crore in January-March quarter of this fiscal as against Rs 140.20 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 34.99 per cent to Rs 165.05 crore from Rs 122.27 crore in year ago period.
Other Income dipped by 62.68 per cent at Rs 2.34 crore versus (Mar'21 Rs 6.27 crore). Operating Profit slipped by 147.46 per cent to Rs -8.51 crore as against Rs 17.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 142.53 per cent in March quarter. Interest declined by 17.46 per cent y-o-y to Rs 6.43 crore, while Taxation increased by 127.49 per cent at Rs 3.89 crore (Mar'21 Rs 1.71 crore).
