Indo Count Industries Q4 net profit up 9.53% at Rs 70.11 cr
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The company reported standalone net profit of Rs 70.11 crore for the quarter ended March 31, 2022 as compared to Rs 64.01 crore in the same period last year, registering a year-on-year growth of 9.53 per cent. Net revenue of the company declined moderately by 16.37 per cent at Rs 588.50 crore in January-March quarter of this fiscal as against Rs 703.68 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 15.95 per cent to Rs 510.42 crore from Rs 607.26 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 35.77 crore versus (Mar'21 Rs 0.00 crore). Operating Profit slipped by 29.69 per cent to Rs 78.08 crore as against Rs 111.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.91 per cent in March quarter. Interest declined by 0.67 per cent y-o-y to Rs 10.45 crore, while Taxation decreased by 2.28 per cent at Rs 26.14 crore (Mar'21 Rs 26.75 crore).
