Jayant Agro Organics Q4 net profit zooms 157.01% at Rs 19.43 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 19.43 crore for the quarter ended March 31, 2021 as compared to Rs 7.56 crore in the same period last year, registering a year-on-year growth of 157.01 per cent. Net revenue of the company rose moderately by 13.38 per cent at Rs 214.06 crore in January-March quarter of this fiscal as against Rs 188.80 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 5.97 per cent to Rs 185.72 crore from Rs 175.25 crore in year ago period. Other Income dipped by 42.50 per cent at Rs 0.69 crore versus (Mar'20 Rs 1.20 crore).
Operating Profit surged by 109.08 per cent to Rs 28.33 crore as against Rs 13.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 84.40 per cent in March quarter. Interest declined by 57.58 per cent y-o-y to Rs 0.98 crore, while Taxation increased by 147.81 per cent at Rs 6.22 crore (Mar'20 Rs 2.51 crore).
