Indigo Paints Q4 net profit up 39.14% at Rs 34.59 cr
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The company reported standalone net profit of Rs 34.59 crore for the quarter ended March 31, 2022 as compared to Rs 24.86 crore in the same period last year, registering a year-on-year growth of 39.14 per cent. Net revenue of the company rose moderately by 13.41 per cent at Rs 288.38 crore in January-March quarter of this fiscal as against Rs 254.27 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 11.02 per cent to Rs 234.61 crore from Rs 211.33 crore in year ago period.
Other Income grew by 58.86 per cent at Rs 2.51 crore versus (Mar'21 Rs 1.58 crore). Operating Profit surged by 25.22 per cent to Rs 53.77 crore as against Rs 42.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.36 per cent in March quarter. Interest grew by 20.45 per cent y-o-y to Rs 0.53 crore, while Taxation increased by 4.73 per cent at Rs 12.83 crore (Mar'21 Rs 12.25 crore).
