Indoco Remedies Q4 net profit zooms 361.30% at Rs 24.91 cr
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The company reported standalone net profit of Rs 24.91 crore for the quarter ended March 31, 2021 as compared to Rs 5.40 crore in the same period last year, registering a year-on-year growth of 361.30 per cent. Net revenue of the company rose moderately by 8.38 per cent at Rs 294.81 crore in January-March quarter of this fiscal as against Rs 272.02 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 4.86 per cent to Rs 250.28 crore from Rs 238.68 crore in year ago period. Other Income grew by 302.04 per cent at Rs 1.97 crore versus (Mar'20 Rs 0.49 crore).
Operating Profit surged by 63.68 per cent to Rs 54.57 crore as against Rs 33.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 50.98 per cent in March quarter. Interest declined by 41.89 per cent y-o-y to Rs 4.55 crore, while Taxation increased by 255.83 per cent at Rs 8.54 crore (Mar'20 Rs 2.40 crore).
