JSW Ispat Special posts Q4 net profit of Rs 80.91 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit during the quarter stood at Rs 80.91 crore compared to net loss of Rs 104.33 crore in the previous year quarter. Net revenue of the company rose triple digit by 140.67 per cent at Rs 1,477.10 crore in January-March quarter of this fiscal as against Rs 613.75 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 107.77 per cent to Rs 1,271.43 crore from Rs 611.93 crore in year ago period. Other Income dipped by 63.97 per cent at Rs 4.55 crore versus (Mar'20 Rs 12.63 crore).
Operating Profit surged by 3722.86 per cent to Rs 205.67 crore as against Rs 5.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1481.82 per cent in March quarter. Interest grew by 9.87 per cent y-o-y to Rs 71.92 crore
