IndiaMART InterMESH Q4 net profit up 35.53% at Rs 54.21 cr
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The company reported standalone net profit of Rs 54.21 crore for the quarter ended March 31, 2021 as compared to Rs 40.00 crore in the same period last year, registering a year-on-year growth of 35.53 per cent. Net revenue of the company rose moderately by 7.99 per cent at Rs 179.05 crore in January-March quarter of this fiscal as against Rs 165.80 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 17.09 per cent to Rs 92.61 crore from Rs 111.70 crore in year ago period. Other Income dipped by 63.82 per cent at Rs 6.26 crore versus (Mar'20 Rs 17.30 crore).
Operating Profit surged by 59.78 per cent to Rs 86.44 crore as against Rs 54.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 47.96 per cent in March quarter. Interest declined by 14.12 per cent y-o-y to Rs 1.46 crore, while Taxation increased by 97.41 per cent at Rs 33.56 crore (Mar'20 Rs 17.00 crore).
