Intellect Design Q4 net profit zooms 194.56% at Rs 55.73 cr
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The company reported standalone net profit of Rs 55.73 crore for the quarter ended March 31, 2021 as compared to Rs 18.92 crore in the same period last year, registering a year-on-year growth of 194.56 per cent. Net revenue of the company rose substantially by 37.62 per cent at Rs 280.30 crore in January-March quarter of this fiscal as against Rs 203.67 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 32.86 per cent to Rs 209.95 crore from Rs 158.02 crore in year ago period. Other Income grew by 50.89 per cent at Rs 2.55 crore versus (Mar'20 Rs 1.69 crore). Operating Profit surged by 54.14 per cent to Rs 70.35 crore as against Rs 45.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.00 per cent in March quarter. Interest declined by 74.94 per cent y-o-y to Rs 1.07 crore, while Taxation decreased by 68.78 per cent at Rs 3.60 crore (Mar'20 Rs 11.53 crore)
