KEI Industries Ltd Q4 net profit jumps 46.69% at Rs 89.26 cr
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The company reported standalone net profit of Rs 89.26 crore for the quarter ended March 31, 2021 as compared to Rs 60.85 crore in the same period last year, registering a year-on-year growth of 46.69 per cent. Net revenue of the company declined by 0.97 per cent at Rs 1,246.31 crore in January-March quarter of this fiscal as against Rs 1,258.53 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 2.92 per cent to Rs 1,104.68 crore from Rs 1,137.91 crore in year ago period. Other Income grew by 5.04 per cent at Rs 2.50 crore versus (Mar'20 Rs 2.38 crore).
Operating Profit surged by 17.43 per cent to Rs 141.63 crore as against Rs 120.61 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.58 per cent in March quarter. Interest declined by 54.70 per cent y-o-y to Rs 12.53 crore, while Taxation increased by 34.12 per cent at Rs 27.83 crore (Mar'20 Rs 20.75 crore).
