Jamna Auto Industries Q4 net profit zooms 342.30% at Rs 48.52 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 48.52 crore for the quarter ended March 31, 2021 as compared to Rs 10.97 crore in the same period last year, registering a year-on-year growth of 342.30 per cent. Net revenue of the company rose triple digit by 124.29 per cent at Rs 472.25 crore in January-March quarter of this fiscal as against Rs 210.55 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 116.46 per cent to Rs 401.97 crore from Rs 185.70 crore in year ago period. Other Income dipped by 2.51 per cent at Rs 4.67 crore versus (Mar'20 Rs 4.79 crore).
Operating Profit surged by 182.86 per cent to Rs 70.29 crore as against Rs 24.85 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.10 per cent in March quarter. Interest declined by 60.47 per cent y-o-y to Rs 1.17 crore, while Taxation increased by 127.89 per cent at Rs 15.77 crore (Mar'20 Rs 6.92 crore).
