Jayaswal Neco Industries Q4 net profit zooms 3023.85% at Rs 2152.96 cr
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The company reported standalone net profit of Rs 2,152.96 crore for the quarter ended March 31, 2022 as compared to Rs 68.92 crore in the same period last year, registering a year-on-year growth of 3023.85 per cent. Net revenue of the company rose moderately by 18.66 per cent at Rs 1,591.97 crore in January-March quarter of this fiscal as against Rs 1,341.62 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 34.25 per cent to Rs 1,301.58 crore from Rs 969.54 crore in year ago period. Other Income dipped by 79.67 per cent at Rs 0.25 crore versus (Mar'21 Rs 1.23 crore). Operating Profit slipped by 21.95 per cent to Rs 290.39 crore as against Rs 372.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.22 per cent in March quarter. Interest declined by 213.79 per cent y-o-y to Rs -272.72 crore, while Taxation increased by 5825.00 per cent at Rs 64.12 crore (Mar'21 Rs -1.12 crore).
