Ingersoll Rand Q4 net profit up 35.38% at Rs 26.02 cr
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The company reported standalone net profit of Rs 26.02 crore for the quarter ended March 31, 2021 as compared to Rs 19.22 crore in the same period last year, registering a year-on-year growth of 35.38 per cent. Net revenue of the company rose substantially by 39.18 per cent at Rs 187.32 crore in January-March quarter of this fiscal as against Rs 134.59 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 23.93 per cent to Rs 147.51 crore from Rs 119.03 crore in year ago period. Other Income dipped by 79.13 per cent at Rs 3.26 crore versus (Mar'20 Rs 15.62 crore).
Operating Profit surged by 155.85 per cent to Rs 39.81 crore as against Rs 15.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 83.82 per cent in March quarter. Interest grew by 6.90 per cent y-o-y to Rs 0.93 crore, while Taxation increased by 86.57 per cent at Rs 12.78 crore (Mar'20 Rs 6.85 crore).
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